Experts from the analytical platform CryptoQuant have recorded a significant increase in open interest (OI) for Bitcoin over the past 24 hours. According to them, this increase is driven by activity in the derivatives market.
This is reported by Finway
Activity in the Derivatives Market
According to information from CryptoQuant, this increase is the “largest in recent times.” Analysis shows that open interest in Bitcoin has risen by 17.4%, while the cryptocurrency itself has only increased by 4.2%.
“This difference indicates that selling pressure remains quite strong,” the report states.
Comparison with Previous Periods
In November and December 2024, open interest in Bitcoin also demonstrated positive dynamics, increasing by 16.4% and 15% respectively, accompanied by a rise in Bitcoin’s value of 10.2% and 7.3%. However, analysts note that pumps caused by activity in the derivatives market often have an unstable nature.
It is worth recalling that in March 2025, analysts from Matrixport pointed to a decrease in open interest for Ethereum.