Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000

Share This Post

On-chain data shows the Bitcoin spot market hasn’t been left behind during the latest price rally as its volume has registered a large increase.

Both Bitcoin Open Interest & Spot Volume Have Shot Up

In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the Bitcoin Open Interest. The “Open Interest” refers to an indicator that keeps track of the total amount of derivatives positions related to BTC that are currently open on all exchanges.

It would appear that the recent push toward recovery has led to a surge in speculative interest around the cryptocurrency, as the Open Interest has witnessed a notable increase.

Bitcoin Open Interest

“BTC Futures Open Interest rose from $36.2B on Monday to $38.6B today, a +$2.4B increase in less than 36 hours,” notes the analytics firm. This significant rise in the metric has garnered attention from the community, but something that’s being talked about less is that the other side of the market has also seen a boost in activity.

More specifically, the Trading Volume associated with the spot market has observed a sharp increase recently.

Bitcoin Spot Volume

The “Trading Volume” is an indicator that measures the total amount of the cryptocurrency that’s becoming involved in trading activities on the centralized exchanges. In the current case, only the Trading Volume associated with the spot platforms is of interest.

This part of the Trading Volume has gone up from $2.9 billion to $8 billion, which suggests spot activity has almost tripled within less than 36 hours. “This shows a simultaneous influx of capital into the spot market alongside the OI spike,” says Glassnode.

Generally, rallies that are built on high speculative interest tend to be unstable, because the underlying leveraged positions can be susceptible to easy liquidation.

While the rise in the Open Interest could be bad for the current recovery run for this reason, the fact that the spot Trading Volume has also shot up at the same time could be a more optimistic sign.

Rallies require constant fuel to be sustainable, which comes in the form of an increase in the Trading Volume. Runs that fail to gather attention from the spot market tend not to last. With both the Open Interest and spot Trading Volume up right now, it remains to be seen how Bitcoin would turn out in the coming days.

BTC Price

Bitcoin has continued to add to its recovery during the past day as the asset’s price has now managed to touch the $91,000 level.

Bitcoin Price Chart

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space As the broader crypto market faces macroeconomic uncertainty and consolidates

Bitcoin Network Activity Hits 6-Month High – Is Demand Back?

Bitcoin is trading just below the psychological $100K mark, facing a critical test as bulls attempt to sustain the recovery rally After weeks of strong upside momentum, the market has now entered a

Bitcoin Price Watch: Support Holds Near $95K Amid Volume Drop

Bitcoin was priced at $95,426 on May 4, 2025, with a market capitalization of $1895 trillion Over the past 24 hours, it recorded a trade volume of $13546 billion and fluctuated within a narrow

Kyrgyzstan Partners With Binance to Advance Digital Asset Sector and Enhance Financial Literacy

Binance has signed a Memorandum of Understanding (MoU) with the National Agency for Investments under the President of Kyrgyzstan to foster collaboration in advancing the digital-asset sector in the

Bitcoin At $100K? $3 Billion In Shorts Are On The Line

Bitcoin is red hot again Price reached $97,500 before dipping slightly lower to $97,000, and the markets are abuzz Sellers anticipating Bitcoin’s upswing might be in for trouble Figures reveal

Why DeFi agents need a private brain

The following is a guest post and opinion of Matej Janež, Head of Partnerships at Oasis At EthDenver earlier this year, one topic kept coming up again and again: AI and autonomous AI Agents That