At the confluence of bullish macroeconomic signals and strong market activity, Bitcoin soared to $94,000. With the cracked records of open interest and influx of institutional inflows, the cryptocurrency market is buzzing with optimism, signaling upward trajectory potential.
Bitcoin recovery with open interest records
Today, as the green after Trump’s speech spreads in the market, the price of Bitcoin BTC It soared to $94,000 at its highest level in recent weeks, marking its previous closing price of $84,400.
Source: TradingView
The rally is in line with unprecedented market activities, especially among derivatives. Public interest is the total value of unresolved futures contracts, soaring by $3.1 billion in one day to the highest $30 billion from April 21 to early February. Previously, between March 22 and April 10, Bitcoin’s open interest fell from $29 billion to $24 billion.
Bitcoin Open Interest-Source: Encryption
The options market also saw explosive growth, with trading volume soaring 347% to $3.57 billion, while open options interest rose 3.80% to $323 billion. These indicators reflect strong trader participation and confidence in Bitcoin price momentum. Meanwhile, Bitcoin’s market cap hits an impressive $1.79 trillion, with its advantage index (BTC.D) nearly 65%, highlighting its command in the cryptocurrency space.
Is this a short-term peak?
Although the rally is shocking, ask about its sustainability.
A key factor supporting the long-term outlook is the behavior of “whales” or large investors who have been steadily accumulating bitcoin. Encrypted data shows that whale holdings increased from 3.38 million BTC on January 1 to 3.5 million BTC, up 0.62% from the past month. This consistent accumulation signal indicates confidence in the lasting value of Bitcoin.
Additionally, during the latest trading period on April 23, Bitcoin Exchange Trading Funds (ETFs) witnessed a massive inflow, with $912.7 million pouring into Bitcoin ETFs. These inflows are driven by institutional investors, suggesting that the current rally may have a deeper root than the fleet’s speculative surge, potentially tiled growth, which has deeper roots than it is now.
Source: Xiaodian
The information behind the surge in Bitcoin and market dynamics
Bitcoin rally unfolds against the backdrop of macroeconomic winds and market elasticity. President Trump’s comments on the Fed and China’s economic policies on April 22 have strengthened market sentiment and contributed to the bullish atmosphere. Analysts point out that when prices rise at the same time as fresh capital inflows, especially from institutional investors, it often enhances the long-term bullish trend.
ETF inflows and whales are a testament to the influx of institutional funds, suggesting that Bitcoin’s current momentum is not only driven by retail, but also supported by mature players with strategic prospects. This convergence of macro-positivity, institutional participation and strong market indicators paints a picture of a market that promises further gains, provided external factors such as regulatory changes or global economic development remain favorable.
In short, the basis of record-breaking open interest, massive ETF inflows and whales accumulation, Bitcoin’s climb to $94,000 reflects a market that brings a wave of optimism. With the catalysts and institutions of the macroeconomics supporting amplified rally, Bitcoin’s green surge conveys a clear message: The king of cryptocurrencies is moving back to a new phase of growth.
