Bitcoin Open Interest experienced a substantial increase following the FOMC meeting of May 7 of the Federal Reserve when BTC briefly affected $ 96,000. According to data, the aggregated open interest jumped while the Bitcoin price increased to the level of $ 100,000.
Bitcoin Open Interest adds $ 2 billion
Bitcoin Open Interest jumped $ 2 billion in a single day after the BTC movement around $ 96,000 at the FOMC meeting on May 7. According to data from the graph, open -minded interests increased from around $ 17.5 billion to $ 19.15 billion. This is an increase of 11.63% in just 24 hours.
$ BTC $ 1.8 billion in OI has been added since yesterday after the FOMC pic.twitter.com/bb31qxy2ce
– exitpump (@exitpumpbtc) May 8, 2025
The time of this overvoltage of open interest coincides directly with the action of Bitcoin prices on May 7 to 8. It was then that cryptocurrency began a strong movement upwards the fork of $ 95,000 to $ 100,000. The graph clearly shows that the open interest began to climb on May 7, the highest increase occurring over a period of 16 hours.
This 2 billion dollars influx of new positions is nothing more than a new capital entering the Bitcoin term contract market. This may mean that traders are more confident these days following a decision of the federal reserve to keep the interest rates constant. The price graph volume indicator shows that higher exchanges have occurred during this period. This also confirms that more people enter the market.
Bitcoin Open Interest is the overall value of open term contracts. Sudden peaks generally indicate changes in the feeling of the market and potential price movements. The current value of $ 19.15 billion in the BTC open interests indicates that traders place massive bets on prices' action in the near future.
Bitcoin portfolios return to a state of profit
The recent Bitcoin prices rally has improved the profitability profile of market players according to Glassnode data. When BTC dropped in the local hollow of $ 74,000, more than 5 million bitcoins were held in underwater positions. However, the subsequent recovery reduced this number to around 1.9 million BTC. This shows that more than 3 million bitcoins have returned to a profitable state.
While the market was approaching the current local low of $ 74,000, more than 5 million BTCs were held in an underwater position. However, as the market resumption took place, this number fell at around 1.9 million BTC, which indicates that more than 3 million BTCs returned to a state of profit. pic.twitter.com/j7cmxlrymh
– Glassnode (@glassnode) May 8, 2025
This transition from the loss for the benefit for many holders generally strengthens the feeling of the market, as investors undergo financial relief. This comes in the middle of the overvoltage of the open interest of Bitcoin. The data show that a considerable number of short-term coins have returned to profitability while Bitcoin pushed over $ 95,000. This change is likely to stimulate for -profit events while the market continues to show force, according to Glass nose.
With the Bitcoin price reaching up to $ 99,800, the market has attracted new capital entries. The ceiling carried out, which measures the value of all bitcoins at the price during which they moved, climbed at a top of $ 889 billion. This metric confirms that new funds are entering the Bitcoin ecosystem and supporting current price levels.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with almost 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, notably Watchuru, Beincrypto, Milkroad, and the author of more than 10,000 articles
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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