Bitcoin climbed past $75,000 on Wednesday and $76,000 on Thursday morning, setting a fresh record before stabilizing near $74,500. Market experts remain optimistic about the cryptocurrency’s potential for further growth, fueled by expectations of a pro-crypto stance from Donald Trump’s administration.Binance’s open interest reached a new all-time high of $8.3 billion in the past 24 hours. According to the latestby market intelligence firm CryptoQuant, the figure reflects a 10.24% surge.
“Remember, the OI metric represents the total number of open long and short positions in the market. Sharp increases in OI suggest that, as volatility spikes, both long and short positions could face increased pressure, potentially leading to liquidations.”
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