Ahead of the release of the US consumer price index (CPI), Bitcoin open interest has surged to $75 billion, signaling potential for significant price fluctuations. This increase coincides with heightened institutional activity, as seen by large funds like Strategy and Metaplanet bolstering their Bitcoin holdings. Analysts suggest this level of engagement could trigger considerable shifts in market sentiment, possibly leading to both bullish and bearish movements. The upcoming CPI report is expected to influence investor sentiment significantly. Tom Lee, Head of Research at Fundstrat, emphasizes the potential for dips to be buying opportunities. He highlights ongoing institutional interest as a key driver of Bitcoin’s bullish trajectory.