- BTC Open Interest jumped $3.2B in 24 hours, signaling heightened leverage and trader conviction.
- Whale wallets steadily accumulated over 300K BTC, reinforcing bullish momentum and institutional confidence.
Bitcoin [BTC] is building pressure — and fast. In the past 24 hours alone, Open Interest has spiked by $3.2 billion, marking one of the most aggressive leverage buildups this quarter.
At the same time, whale wallets are quietly but significantly increasing their holdings, signaling rising conviction among deep-pocketed investors. With heavy buying and leveraged bets, the stage is set for a potentially explosive breakout.
BTC’s Open Interest surges
Bitcoin’s Open Interest (OI) across all exchanges has surged from roughly $27.3 billion to over $30.5 billion in just 24 hours — a $3.2 billion leap indicative of a dramatic influx of leverage into the market.
Source: CryptoQuant
A rapid increase in open interest often signals strong trader conviction, with many participants making directional bets. While rising OI can boost market momentum, it also heightens the risk of liquidations if price volatility spikes.
Old money holds, new money accumulates
Bitcoin’s whale activity is flashing strong accumulation signals.
Source: X
Recent data shows a sharp uptick in holdings from new whales, adding fresh capital to the market even as long-term whales maintain steady control.
Source: CryptoQuant
Over the past year, whale holdings have surged beyond 300,000 BTC, marking the largest increase since 2021.
This coordinated accumulation by both experienced and new whales signals growing institutional and high-net-worth confidence, reinforcing Bitcoin’s current rally.
The scale and consistency of this buying trend suggest strategic positioning for a potential macro breakout soon.
Bulls regain momentum above $88K
Bitcoin’s daily chart shows a decisive push above $88,000, supported by improving RSI levels now hovering near 60, showing growing bullish momentum without tipping into overbought territory.
The steady rise in OBV further reinforces buyer conviction, suggesting accumulation rather than speculative churn.
Source: TradingView
If BTC closes above this level with consistent volume, a retest of the $90K–$92K zone becomes more likely.
However, if this breakout fails, Bitcoin could face a short-term pullback toward $85K support. For now, bullish sentiment dominates, but sustained momentum remains the key factor for the next upward move.