Bitcoin Futures Open Interest Jumps 6.6% Toward ₱4,912,039 ($80,000)
Bitcoin gained 2.52% on Friday to trade above $78,800 as institutional positioning accelerates. Cumulative volume delta reached 11,500 BTC—the highest level since Feb. 17—while short positions in the $78,000 to $80,000 range face ₱128.94 billion ($2.1 billion) in liquidation risk.
Key Takeaway
Futures data shows conviction building, but ₱128.94 billion ($2.1 billion) in shorts must liquidate before $80,000 breaks.
Bitcoin futures open interest climbed 6.64% to 257,000 BTC over 24 hours, while cumulative volume delta reached 11,500 BTC—the highest reading since Feb. 17, according to CryptoQuant data. The surge suggests institutional traders are positioning for a move toward $80,000 after Bitcoin gained 2.52% on Friday to trade above $78,800.
Futures volume hit 98,300 BTC following a leverage flush that wiped out approximately 9,000 BTC in open interest during the April 27 correction. Short positions in the $78,000 to $80,000 range now face ₱128.94 billion ($2.1 billion) in liquidation risk if Bitcoin breaks through resistance.
Analyst Ecoinometrics said the flow pattern resembles market conditions before the October 2025 peak. The direction is clearly improving.
OTC desk balances dropped by 20,700 BTC over 30 days—levels last seen in March 2025 when Bitcoin was climbing toward its previous high. The withdrawal pattern typically indicates long-term holders moving coins into cold storage rather than selling.
Bitcoin's April gain reached 13.71%, the strongest monthly performance since 2020. ETF inflows for the month hit ₱122.8 billion ($2 billion), the highest of the year so far, suggesting retail and institutional demand is accelerating despite Bitcoin trading more than 35% below its previous peak of $109,000 reached in January 2025.
This article was written based on reporting from Cointelegraph.
