Bitcoin News: Short-Term Optimism in Bitcoin Futures Amid Soaring Volumes and Diverging Open-Interest Figures

Cryptocurrency markets are always volatile, and the latest trends in Bitcoin futures trading reflect this. A recent surge in trading volumes on major exchanges like Binance and OKX has sparked short-term optimism among traders. However, diverging open-interest figures indicate that traders are adopting varied positioning strategies, hinting at potential differences in market sentiment and expectations.

Short-term Optimism in Bitcoin Futures as Volumes Soar on Binance and OKX

Bitcoin perpetual futures volumes have soared on Binance and OKX, with the top three most popular perpetual futures pairs showing a price uptick of 2% to 2.5% over the last 24 hours. Despite this, open-interest (OI) figures are diverging, with Binance’s BTC/USDT perpetual showing both volume and OI rising, while most other pairs show flat-to-lower OI despite big volume spikes. This indicates varied positioning strategies among participants and aligns with the volatility in Bitcoin’s spot price. Data from CryptoQuant confirms a short-term bullish push, with the spot market climbing into the mid-$84k range.

Why Trump’s Tariffs Could Actually Be Good for Bitcoin

So far, crypto markets haven’t performed as anticipated under the Trump Administration. Investors anticipated that regulatory reforms and initiatives like a Bitcoin Strategic Reserve would significantly elevate prices. However, the opposite has occurred. Bitcoin has declined from highs exceeding $100,000 at the start of the year to a low in the mid-80,000s for most of March. Crypto prices have suffered due to their increasing correlation with traditional assets like stocks and bonds, impacted by macroeconomic uncertainty. Tariffs, surcharges the U.S. imposes on imports from other countries, have Wall Street concerned about a potential global recession. Consequently, crypto investors have been avoiding crypto assets, seen as relatively risky.

BlackRock Secures UK Approval to Launch Bitcoin ETP

BlackRock, the global investment giant managing around $12 trillion in assets, has received approval from the UK’s Financial Conduct Authority (FCA) to operate as a crypto asset firm. This approval allows BlackRock to offer its new European Bitcoin (BTC) exchange-traded product (ETP) in the UK. With this approval, BlackRock joins companies like Coinbase, PayPal, and Revolut as the 51st company to be registered with the FCA. Only 14% of applications have been approved by the FCA, demonstrating its selectiveness. The iShares Bitcoin ETP, marketed under the ticker IB1T, started trading last week on Euronext Paris and Amsterdam.

GameStop Finalizes $1.5 Billion Offering to Fuel Bitcoin Acquisition

Video game retailer GameStop has completed a $1.5 billion offering of convertible senior notes, securing funds it plans to use, in part, to acquire Bitcoin for its corporate treasury. The company announced on Tuesday that it finalized the offering to investors, exceeding the initial plan by raising an additional $200 million. The funds will mature on April 1, 2030, and are part of GameStop’s strategy to add Bitcoin to its list of acceptable treasury assets.

Metaplanet’s Bitcoin Holdings Increase to 4,206 BTC

Metaplanet has expanded its Bitcoin holdings by purchasing an additional 160 BTC for ¥1.9 billion. This brings the total Bitcoin stash to 4,206 BTC, with a total investment of ¥54 billion. The company continues to bet big on Bitcoin as part of its long-term strategy, strengthening its position in the crypto space and signaling strong confidence in BTC’s future value.