Bitcoin futures are showing renewed momentum as their aggregated open interest (OI) surged by +7% over the past 30 days, marking the first sustained uptick since May . This revival signals a potential shift in sentiment, with traders increasingly positioning for the upside as their appetite for volume and leverage rises .
Bitcoin futures open interest has climbed to fresh record highs this week . Traders have piled into contracts betting on rising prices . Open interest topped $80 billion on May 23, up roughly 30% since the start of the month . That shows more money is riding on Bitcoin's next moves than ever before .
Bitcoin researcher Axel Adler Jr. cautioned that a confirmed breakout may require OI growth to exceed +10%, ideally paired with expanding trading volumes to validate the move .
Bitcoin net futures positioning also flipped positive, with net long exposure rising to $27.4 million . This net bullish stance has held above zero for over 24 hours, suggesting that even as BTC consolidates near $108,000, traders are gradually stacking long positions in anticipation of a bullish push .
Analysts have identified $116,000 as the breakout zone that could launch Bitcoin's next parabolic rally . Crypto strategist Javon Marks recently projected that if BTC convincingly breaks this resistance, it could climb toward $165,745, a potential 52.5% gain from current levels .
Various price predictions for Bitcoin in 2025 vary, with some being particularly bullish. Standard Chartered maintains one of the most aggressive forecasts, with the bank's digital assets research team projecting that Bitcoin could reach $200,000 by year-end 2025 . VanEck expects Bitcoin to potentially hit approximately $180,000 during a first-half rally, followed by a mid-year correction, before potentially establishing new highs in the latter part of 2025 .
While reaching $112K is supported by bullish sentiment and rising stablecoin power, elevated MVRV levels and dense liquidation zones pose real risks . Market participants should remain cautiously optimistic but prepared for volatility as BTC challenges this psychological milestone .