🔥 Bitcoin futures open interest exploded to $7.87 B in the last 24 hours – a 23 % jump and the steepest OI surge since the 2021 bull run.
📊 The spike arrives as BTC trades at $83,838, RSI 50.9, and a bullish MACD crossover, placing the market on the cusp of a decisive move.
💡 Smart money is already loading long positions: L/S ratio 1.42, 65.8 % of top traders net long, funding at +0.0052 % (longs paying) while the Greed index sits at 71/100, signalling aggressive capital allocation
#BTC #Funding #Greed.
🚀 Watch the $79,000 resistance line – a clean break above triggers a cascade into the $85‑$87 K zone and aligns with the $84.5 K 1‑day pivot, a classic breakout catalyst #Breakout.
❓ If the bulls can shatter $79K, will we see a rapid march to $90K or will a sudden short‑squeeze pull the market back into consolidation?