#BTC Futures Open Interest Hits Record High#

ℹ️Chart analysis and news
Chart (BTCUSDT, 1-hour timeframe):
Price: Bitcoin (BTC) is trading at $107,448.7, which is a new all-time high (ATH). In the last 24 hours, the price has increased by 1.98%, with a high of $107,699.7 and a low of $104,138.0.

Technical indicators:
EMA (Exponential Moving Averages): EMA5, EMA10, EMA20, EMA60 and MA100 are below the current price, indicating a strong bullish trend. The price has recently broken through all key moving averages, confirming bullish momentum.

Volumes: Trading volumes (VOL) at 101.47K show moderate activity, but a noticeable increase in the latest candles indicates growing interest from buyers.

KD (KDJ indicator ): Lines K (73.6) and D (77.6) are in the overbought zone (>70), which may signal a potential short-term correction, but J (65.8) has not yet reached extreme values.

RSI ( Relative Strength Index ): RSI ( is at 73.6, also in the overbought zone ) > 70 (, RSI ) 65.8 and RSI ( 60.9 confirm a bullish sentiment, but indicate potential overbought conditions.

StochRSI: StochRSI)14( at the level of 14.3 is in the oversold zone, which may signal a short-term correction, but in combination with other indicators, it rather indicates a strong upward momentum.
Overall conclusion from the chart: Bitcoin is in a strong bullish trend, having broken the $107,000 mark. However, overbought indicators )KD, RSI( hint at a possible short-term correction or consolidation before the next surge.
News:
Open interest )OI(: On May 20, 2025, open interest in Bitcoin futures reached a record level of $72 billion, which is 8% higher than last week and 6% higher than the previous peak. This indicates an influx of capital and increased trading activity.

Price Influence: High open interest often correlates with increased volatility. A strong influx of capital and market optimism driven by spot activity can push the price of BTC to new heights. However, a high level of leverage also increases the risk of liquidations if the market turns.