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Bitcoin opened the week with a strong rebound, climbing back above the $88,000 mark for the first time in several weeks. As of today, BTC trades at approximately $88,025, representing a 6.2% increase over the past week.
This recovery follows a volatile period where the asset experienced significant resistance below the $85,000 price level. While this upward price action has brought renewed optimism to the market, analysts are also highlighting underlying factors that could influence Bitcoin’s near-term direction.
One of the most notable trends is a spike in leverage, signaling that derivative traders may be playing a larger role in driving price movements.
Bitcoin Open Interest Surges, Signaling High-Leverage Activity
According to on-chain data shared by CryptoQuant analyst IT Tech, Bitcoin’s Open Interest (OI) has reached a record high above $32 billion. Open Interest refers to the total value of outstanding derivative contracts—such as futures and options—that have not yet been settled.
A rising OI alongside a rising price can indicate growing bullish sentiment, but it can also be a signal of increased risk if the market becomes overly leveraged.
IT Tech noted that while the rally has sparked enthusiasm, it comes with a caveat. “High OI combined with rapid price increase often leads to liquidation cascades if the trend reverses,” the analyst wrote.
If bulls fail to maintain momentum, over-leveraged positions may be liquidated, triggering a sharp correction. Monitoring sudden shifts in OI and price will be critical in the coming days.
BTC Market Alert: Leverage-driven pump
“Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K.
But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!” – By @IT_Tech_PL
Full post ⤵️https://t.co/BzEOKHgPLI pic.twitter.com/DHL0MGedSR
— CryptoQuant.com (@cryptoquant_com) March 24, 2025
Mixed Signals from Analysts on What’s Next
Despite concerns over leverage, some analysts remain optimistic. Javon Marks, a technical analyst active on X, suggested that Bitcoin may be in the early stages of another major breakout. “Bitcoin looks to be working on another massive bullish breakout,” Marks said, adding that altcoins could soon follow suit.
On the other hand, analyst Ali offered a more cautious outlook, citing the TD Sequential indicator as a potential sign of an upcoming short-term top.
He highlighted key price levels for traders to watch, pointing to a significant support zone between $82,590 and $85,150, where over 625,000 BTC were previously accumulated. Meanwhile, resistance looms between $95,400 and $97,970, a region that could see strong selling pressure due to past investor activity.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
