Bitcoin’s Bullish Surge Above $100,000 Fails to Ignite Open Interest Growth

Bitcoin has recently reclaimed the $100,000 mark, reaching a peak of $103,800 on May 15—a level not seen since January. Despite this bullish price action, open interest in derivatives markets remains surprisingly subdued, signaling caution among traders. Analytics firm Alphractal has pointed out this divergence, suggesting that the market may not be as optimistic as the price surge implies. This article explores the implications of this disconnect and what it could mean for Bitcoin's future trajectory.

Bitcoin Open Interest Lags Despite Price Surge Above $100,000

Bitcoin's price action over the past week has been notably bullish, with the cryptocurrency reclaiming the psychologically significant $100,000 level. On Friday, May 15, BTC reached $103,800—a peak not seen since January. Yet, derivatives market activity remains subdued, with open interest failing to mirror the price rally.

Analytics firm Alphractal highlighted the divergence in a recent social media post, suggesting caution. The lack of corresponding open interest growth raises questions about the sustainability of the current uptrend. Market participants are watching closely for signs of renewed institutional or retail interest to validate the breakout.

MIRO Partners with ENIAC Network to Advance Enterprise Web3 Infrastructure

MIRO, a Bitcoin-powered LAYER 2 payments platform, has forged a strategic alliance with ENIAC Network, a high-performance Layer 1 blockchain specializing in corporate Web3 solutions. The collaboration aims to redefine enterprise-grade decentralized infrastructure by combining MIRO's scalable payment rails with ENIAC's zero-knowledge proof-enabled architecture.

ENIAC Network distinguishes itself through transaction speeds surpassing most Layer 1 competitors, offering a modular framework for mission-critical Web3 applications. This partnership signals growing institutional interest in hybrid blockchain solutions that leverage Bitcoin's security while enabling enterprise functionality.

Bitcoin Breaks $100K And Holds Strong—What’s Driving The Unstoppable Rally?

Bitcoin has surged past the $100,000 mark, a milestone long anticipated by market participants. According to crypto analyst ChartFreedom, this rally is underpinned by strong fundamentals rather than speculative hype. Institutional interest, robust ETF inflows, and tightening supply dynamics have collectively fueled Bitcoin's ascent.

The asset's ability to hold steady above $100,000 without a significant correction is particularly noteworthy. This price behavior suggests a shift in perception—Bitcoin is increasingly being treated as a long-term store of value rather than a short-term trade. The absence of a pullback signals growing market maturity and reinforces bullish sentiment.

Coinbase Rejected Bitcoin-Heavy Treasury Strategy to Protect Core Business

Coinbase executives repeatedly debated converting most of the company's balance sheet to Bitcoin over the past decade, CEO Brian Armstrong revealed in a May 9 Bloomberg interview. The exchange ultimately rejected mirroring MicroStrategy's aggressive BTC accumulation strategy due to liquidity concerns and potential conflicts with its neutral marketplace position.

"There were definitely moments where we thought, should we put 80% of our balance sheet into Bitcoin?" Armstrong acknowledged. The decision reflects Coinbase's institutional prioritization of operational stability over speculative treasury management—even as competitors like MicroStrategy amassed billions in BTC holdings.

CFO Alesia Haas emphasized the exchange's deliberate avoidance of directional crypto bets to maintain customer trust. The restraint comes despite Coinbase holding $322 million in crypto assets as of Q1 2024, primarily in Bitcoin and ethereum for corporate purposes.

Bitcoin Balance On Exchanges Shrinks – Supply Shock Ahead?

Bitcoin has stabilized NEAR the $104,000 level following a sharp rally fueled by sustained buying pressure and renewed market optimism. The rebound began in late April when BTC reclaimed $90,000, reversing months of downward pressure that had dominated price action.

On-chain data from CryptoQuant shows more than 110,000 BTC withdrawn from exchanges over the past month. Such large outflows typically signal growing investor confidence and tightening supply—conditions that historically precede strong upward moves. Long-term holders appear to be sidelining coins, reducing near-term sell pressure.

Bitcoin Eyes $105K as SEC Talks Tokenization – 3 New Crypto Projects to Watch

Bitcoin's surge toward $105,000 has electrified the crypto market, with traders anticipating a potential breakout. Regulatory signals from the SEC's upcoming Tokenization Roundtable suggest broader blockchain adoption could extend beyond cryptocurrencies to traditional assets like stocks and real estate.

While bitcoin dominates headlines, emerging projects are gaining traction. The market's bullish momentum reflects growing institutional interest and macroeconomic tailwinds, setting the stage for a potential paradigm shift in asset tokenization.