Analysis “BTC Derivatives Market Boom…Entering A New Phase When Exceeding 109,300 Dollars”

An analysis has emerged indicating that the active movement in the Bitcoin derivatives market is increasing the possibility of future rises. Cointelegraph recently reported through a report that "BTC Open Interest (OI) has increased by approximately $3.2 billion, and most of the newly inflowing positions appeared in the long (buy) direction."

What is noteworthy is that despite the increase in OI, there was no significant change in the funding rate. This implies that participants' use of leverage is not excessive, signaling a healthy influx of buying pressure rather than overheating.

Crypto market analyst Rekt Capital predicted that "Bitcoin has a high possibility of breaking through the major resistance level of $109,300 within this weekend," stating that "surpassing this range will lead to a new price discovery phase."

Currently, the Bitcoin price is maintaining a stable trend based on strong demand and technical support lines, and the positive signals from the derivatives market are evaluated as factors that add mid-to-short-term upward momentum.