coinpedia 2025-05-29 13:17:53

Bitcoin’s Open Interest Hits Record High As Traders Eye Big Moves Ahead

The post Bitcoin’s Open Interest Hits Record High As Traders Eye Big Moves Ahead appeared first on Coinpedia Fintech News Bitcoin’s price has captured the world’s attention again as the total open interest in Bitcoin options climbed to an all-time high of $46.2 billion. It’s an increase of almost 126% since the start of this year. Despite the boom in open interest, data show a growing caution near the $110k price level. As of now, the bitcoin price is trading around $108,567 , reflecting a slight drop. Bitcoin Options Open Interest Hits Record High According to data from Glassnode, the total open interest in Bitcoin options has surged to an all-time high of $46.2 billion, making a dramatic surge. In early 2025, total open interest sat around $20 billion. Since then, it has more than doubled, adding roughly $25.8 billion to reach today’s peak. This spike shows that both bullish and bearish traders are placing bigger wagers on where Bitcoin’s price might head next. $BTC options open interest recently hit an all-time high of $46.2B – up +$25.8B from the lows. This sharp growth outpaces futures and signals rising demand for more advanced hedging and strategy execution as market participants grow more sophisticated. pic.twitter.com/YXp24CRVfC — glassnode (@glassnode) May 29, 2025 Why Open Interest Matters? Open interest measures all active options contracts that haven’t been closed or settled. When open interest rises, it often means new money is flowing into the market. Meanwhile, a high open interest, especially at record levels, points to growing excitement and potential risk, since more capital is on the line. Key Level To Watch: $110,000 Right now, Bitcoin is trading below the $109,000 mark, and this level is considered very crucial. If Bitcoin breaks through, it could spark a fresh wave of buying that pushes the price even higher. But if it can’t hold, some traders think we could see a quick pullback. The options market’s record size suggests that whichever way Bitcoin goes, the move could be sharp.