BTC reached a new all-time high at midnight today (23rd), touching a peak of $111,963, temporarily reported at $111,255 before press time, with a slight 0.5% increase in the past 24 hours, continuing to fluctuate at high levels.
BTC Futures Open Interest Reaches New High
According to Coinglass data, the BTC futures open interest across major platforms has recently broken through the historical $80 billion mark.
Among them, CME leads with approximately $18.24 billion, followed by Binance with around $13.5 billion, indicating significantly increased market participation and capital investment. While historically, when open interest reaches a new high, prices tend to continue rising in the short term, it usually experiences a decline or correction after a period, and if unfavorable market news emerges, it could trigger a chain of liquidations and cause market volatility, so investors should be cautious.
glassnode: Long-Term Holders Remain Bullish on BTC
According to glassnode data, after BTC broke through the historical high yesterday, the on-chain realized profit was only about $1 billion, less than half of the $2.1 billion exit amount when it first broke $100,000 in December last year.
Meanwhile, the proportion of coins in circulation for less than a month has risen to 76.9%, while the activity of coins held for over six months has dropped to 13.4%, indicating that the current market is driven by short-term traders, with long-term holders still inclined to hold. glassnode suggests that this composition reflects strong bullish expectations from non-BTC investors.
