However, technical analysis shows that the real test for a bullish reversal still lies ahead.
Bitcoin Open Interest Posts Biggest Increase Of 2026This is important because the increase is already larger than the one recorded during Bitcoin’s previous all-time-high formation in 2025.
As shown in the chart image above, the return of derivatives capital is not isolated to one crypto exchange. Binance, the world’s leading cryptocurrency exchange by trading volume, accounts for roughly 34% of total market share, with an average monthly Open Interest of approximately $2.5 billion as of May 5.
A similar trend can also be observed across other exchanges, notably Gate.io with $1.75 billion and Bybit with $1.15 billion. Darkfost, who identified the data, described the environment as a sharp contrast to conditions in the first few months of the year, noting that optimism is gradually returning and encouraging traders to increase their risk exposure over different crypto exchanges.
The Level That Could Decide Bitcoin’s Next Trend
Featured image from Shopify, chart from TradingView
