Bitcoin Hits an OI of $63B as Bullish Sentiment Grows and Bitcoin Hyper Reaches $24.7M in Presale

Bitcoin’s open interest (OI) just reached $63.03B, signaling a strong bullish sentiment in the market.

KEY POINTS:
➡️ Bitcoin’s open interest (OI) reached a record $63.03B, with Deribit taking the lion’s share at $49.41B.
➡️ Deribit’s CEO, Luuk Strijers, says that the market prepares for ‘upside volatility or gamma exposure’.
➡️ Bitcoin could be preparing for a strong bull run if momentum holds and investors remain bullish.
➡️ Bitcoin Hyper ($HYPER) reaches $24.7M in presale with a targeted public token listing in Q4 2025-Q1 2026 window.

According to CoinGlass, Deribit was the biggest winner with a record $49.41B, followed by CME and OKX at $7.41B and $3.70B respectively.

Deribit secured 80% of the total OI, showing a surge in open options contracts as traders position for major price movements.

As Luuk Strijers, CEO of Deribit, explains, there’s ‘notable call activity building around $120K and above’, hinting that traders expect ‘upside volatility or gamma exposure’.

This prediction makes sense if we consider that October recorded $1T in DeFi perps volume, with Aster, Lighter, and Hyperliquid at the top of the list, racking in $178.27B, $259.32B, and $316.38B respectively.

With a Bitcoin bull run on the horizon, Bitcoin Hyper’s ($HYPER) $24.7M presale could serve as an additional catalyst, as Bitcoin’s Layer 2, promising faster and cheaper on-chain transactions.

Bitcoin Stays Strong as Whales Get Bearish

Despite some whales shorting $BTC with 40x leverage on a $3M position, Bitcoin maintains its composure and consolidates above the $111K mark.

The momentum seems to be on its side, as $BTC is 5.15% up over the last week and shows remarkable resilience against all odds.

Analysts at TD Cowen proposed a similar idea in a recent report, suggesting that Bitcoin could reach $ 141,000 by December, based on its post-October 10 market performance.

This explains the $5.1B in Bitcoin options expiring today, which, according to Deribit, are evenly matched between short and long contracts. This means that ‘traders are hedging downside but not positioning for a major sell-off’.

A classic case of cautious optimism.

Despite missing its Uptober, though, which was almost guaranteed given $BTC’s historical monthly returns, the current consolidation phase, which is already a week long, is undoubtedly bullish.

The recent $63B record in open interest, combined with $BTC’s chart resilience, and growing market confidence, could become the catalysts of a November bull run.

Bitcoin Hyper’s ($HYPER) $24.7M presale will also contribute to that thanks to its blockchain utility.

How Bitcoin Hyper Promises to Make the Bitcoin Ecosystem Faster and Cheaper

Bitcoin Hyper ($HYPER) is the newest Layer 2 upgrade that promises to take Bitcoin to the next level. The project addresses Bitcoin’s most pressing issue: its performance limitations.

With Bitcoin natively capped at seven transactions per second (TPS), the network often experiences high fees and hours-long confirmation times and has an almost non-existent scalability capacity.

Hyper seeks to change that with the help of tools like the Solana Virtual Machine (SVM) and the Canonical Bridge.

The Bridge addresses Bitcoin’s finality problem directly by connecting the Hyper layer to Bitcoin’s network. This allows the system to mint the users’ bitcoins into the Hyper layer as soon as the Bitcoin Relay Program confirms transaction details.

Paired with SVM, which enables the ultra-fast execution of DeFi apps and smart contracts, the Canonical Bridge allows Hyper to transform Bitcoin into a performant, cheap, and scalable ecosystem.

This essentially eliminates the fee-based priority system, which currently allows miners to prioritize large transactions in the confirmation queue, often resulting in finality times of hours for the smaller ones.

The presale is now at $24.7M and is blowing through its milestones quickly. The project targets a Q4 2025-Q1 2026 token listing, depending on ‘prevailing market conditions and demand’, so the earlier you join in, the better.

Based on the project’s utility, a reasonable price prediction for $HYPER puts it at $1.2 by 2030, for a 5-year ROI of 9,015%.

You can buy $HYPER at the presale price of $0.013165 today, which may be the lowest price point available.

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