What Binance Open Interest Says About Bitcoin Moves

• Open Interest on Binance jumped sharply, signaling revived bullish sentiment in the BTC derivatives market.
• Surge in futures and options volume reflects rising trader confidence and market engagement.

The Bitcoin market is heating up again. Not only on the price chart, but also in the derivatives space which is increasingly busy with activity.

According to CryptoQuant data, one of the most striking indicators currently comes from Binance, where the surge in Open Interest, aka the total value of open positions in the futures market, is the main highlight. From its initial figure of $7.5 billion on April 8, its value has now skyrocketed to above $11.2 billion.

Bitcoin’s Bullish Track: When Technicals Meet Derivatives

Let’s say this market is like a racing arena, Open Interest is the number of cars that are still actively competing on the track. The more cars that are speeding, the greater the possibility of a surprise ahead. In this context, the higher the Open Interest, the greater the market energy that can push the BTC price up.

On the other hand, there are technical details that are no less interesting. The 30-day and 50-day simple moving averages (SMA) have now broken back above their 100-day averages. This means that buying pressure is again dominating the short- and medium-term trends.

If you are a trader who likes to read charts, this is like a green light signal in the middle of a congested city light—making many people push the gas even deeper.

Furthermore, the latest data from CoinGlass confirms the same story. Bitcoin derivative trading volume has increased drastically by 77.31% in just 24 hours, reaching a fantastic figure: $218.95 billion. This number is not only large, but also a kind of sign that market players—big and small—are very active behind the scenes.

It doesn’t stop there, overall Open Interest across all platforms also increased by 17.13% to reach $79.88 billion. When viewed from this side, it seems that a lot of funds are now ‘settled’ in the form of derivative contracts, a reflection of market confidence in the direction of BTC’s future movement. Not only short-term traders, even more conservative investors are starting to take positions.

Options Activity Explodes, Derivatives Market Gets More Crowded

But wait, the story is not over yet. There is one more area that is making the derivatives landscape even more crowded: options. Bitcoin options trading volume more than doubled, up 100.96% to $8.09 billion. Such an increase usually occurs when traders start playing more complex strategies, either for speculation or to protect their positions from unexpected price spikes.

Interestingly, Open Interest in the options market also grew by 5.58%, now at $46.52 billion. This means that many positions in this market remain open. Perhaps because traders believe that the market is not finished with its turbulence, or maybe because they are waiting for the next momentum to close their positions with maximum profit.

Nevertheless, despite the sharp increase in activity, the derivatives market has not shown signs of excessive euphoria. Open Interest on Binance is high, but has not yet reached an all-time high. This suggests that the market still has room to rise without immediately getting caught up in irrational exuberance.

A small but interesting addition: according to a report from CNF, a company called Strive is planning to acquire 75,000 BTC through Mt. Gox creditors’ claims. They are targeting to complete this process before October 2025, as part of a strategy to be listed on the exchange with strong Bitcoin reserves through a reverse merger scheme.

Meanwhile, as of press time, BTC has made a new ATH and is swapped hands at about $110,336.29, up 3.64% over the last 24 hours.

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