Bitcoin Open Interest Approaches Bull Market Threshold: A Sign of Major Rally Ahead

Bitcoin''s futures market is showing signs of a potential sustained upward trajectory as open interest nears levels historically linked to major bull runs. According to CryptoQuant analyst Avocado_onchain, the current surge in open interest mirrors patterns observed before previous significant price breakouts. Historical data indicates that when open interest surpasses previous peaks, substantial rallies often follow. This development suggests that Bitcoin may be on the verge of another significant price surge, aligning with past bull market cycles.

Bitcoin Open Interest Nears Critical Bull Market Threshold

Bitcoin''s futures market activity signals potential for a sustained upward trajectory. Open interest is approaching levels historically associated with major bull runs, according to CryptoQuant analyst Avocado_onchain.

The current surge mirrors patterns observed before previous price breakouts. When open interest breached prior peaks in past cycles - marked by red indicators - substantial rallies followed, as evidenced by yellow arrows and green circles on technical charts.

Bitcoin Eyes $100,000 Weekend Rally as Bullish Sentiment Builds

Bitcoin''s price action suggests a potential breakout toward the $100,000 mark, with analysts speculating a new all-time high could be imminent. The cryptocurrency has rebounded from a recent dip below $80,000, now trading firmly above $93,500 and testing key resistance levels.

Market observers note BTC''s consolidation between $93,000-$96,000 in recent weeks may have set the stage for upward momentum. The compression pattern resembles previous pre-breakout formations, fueling speculation of significant price movement in the coming days.

Bitcoin 2025 Unites Global Titans in Las Vegas

Las Vegas will host bitcoin 2025, a pivotal gathering for the cryptocurrency industry''s leading figures. The event promises to shape the future of digital assets, drawing institutional investors and blockchain innovators.

Market sentiment remains bullish as Bitcoin continues to dominate crypto discourse. The conference may catalyze new institutional adoption pathways and price momentum for BTC and other major cryptocurrencies.

Bitcoin Price Steadies at $96,362 as Market Sentiment Shifts to Greed

Bitcoin hovers NEAR $96,362, demonstrating resilience as investor sentiment pivots from fear to greed. The Crypto Fear and Greed Index surged to 56, marking a stark contrast to last month''s reading of 24. This shift underscores renewed risk appetite among market participants.

Despite a marginal 0.44% dip over 24 hours, Bitcoin maintains its dominant $1.91 trillion market capitalization. With 19.85 million coins circulating, the asset benefits from both technical stability and improving macroeconomic conditions for digital assets.

The sentiment recovery coincides with tangible institutional progress, potentially laying groundwork for extended bullish momentum. Trading volume remains robust at $23.8 billion, reflecting sustained market participation.

Bitcoin Sandwiched Between Major Support & Resistance Levels—Can Bulls Win Out?

Bitcoin''s spot price is currently caught between two critical on-chain demand zones, where a significant number of investors initially acquired their holdings. Analyst Ali Martinez highlights these levels as pivotal, derived from investor cost basis data.

Retests of break-even points often trigger heightened sensitivity among holders. Market sentiment and retest direction dictate whether accumulation or distribution follows. The current squeeze between support and resistance sets the stage for a decisive move.

Arthur Hayes Doubts U.S. Will Expand Bitcoin Holdings Amid Debt and Cultural Stigma

BitMEX co-founder Arthur Hayes argues that the United States is unlikely to significantly boost its Bitcoin reserves, citing the nation''s escalating debt and the perceived cultural stigma around Bitcoin investors. The U.S. currently holds nearly 200,000 BTC, largely seized from criminal cases like Silk Road and Bitfinex.

Hayes dismisses the notion of a proactive "strategic Bitcoin reserve" by the U.S. government, emphasizing its fiscal constraints. "The only way they can do a Strategic Reserve is not sell the Bitcoin they took from people," he said in a May 1 interview. The existing holdings, worth over $18 billion, remain static assets rather than a growing portfolio.