Fresh data from market intelligence platform Alpharactal reveals a significant uptick in both Bitcoin open interest and whale position sentiment, highlighting growing institutional activity and increased trader engagement as BTC trades above $100,000.
Open Interest Signals Growing Market Participation
In the first chart, Alpharactal shows Bitcoin’s open interest (the total value of active futures and options contracts) surging alongside price. This correlation suggests that traders are placing bigger bets on continued upside. Open interest rising in tandem with price is often interpreted as a confirmation of trend strength and market conviction.
As Bitcoin climbs to new yearly highs, the rising open interest across all major exchanges indicates a broader wave of capital entering the market.
Whale Sentiment Confirms Institutional Demand
The second chart captures whale position sentiment—measuring the behavior of large Bitcoin holders. Historically, increases in this sentiment index have preceded price rallies, suggesting that whales accumulate BTC before retail follows. While a slight pullback in sentiment has been noted recently, it follows a wave of accumulation that likely contributed to the latest breakout above $100K. 
Together, these two indicators suggest Bitcoin’s current price action is being fueled less by speculative retail frenzy and more by sustained institutional demand and strategic accumulation.
With volatility returning and market structure strengthening, eyes will now be on whether this institutional momentum can carry Bitcoin toward new all-time highs.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-market-heats-up-as-open-interest-and-whale-activity-surge/