I just saw something interesting about Bitcoin perpetual contracts. Open interest just increased by 7,547 BTC in only 4 hours on a major trading platform. This is the largest 4-hour increase since 2023, which is quite crazy.

That means a lot of traders are currently increasing their positions. When open interest rises like this, it usually indicates that people are becoming more aggressive with derivatives. We'll see if this is a bullish signal or just accumulation before a big move.

Interesting to watch in the coming hours.