Bitcoin Surges Past $111K As Futures OI Hits $74.3B, Sovereign And Institutional Demand Rises
Bitcoin (CRYPTO: BTC) extended its bullish streak today, breaking above $111,000 for the first time and marking a new all-time high. The rally comes amid a wave of institutional inflows, renewed sovereign interest, and a rare alignment of regulatory momentum in the U.S.
From an open near $109,700; Bitcoin touched $111,900 intraday—up roughly 4% on the day and 7% on the week. Aggregate open interest in futures markets hit a record $74.3 billion, pointing to leveraged bets on continued upside.
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Bitcoin’s 50-day moving average has crossed above the 200-day, forming a golden cross, a precursor to sustained bullish trends. The 14-day RSI sits at 62, indicating momentum is strong but not yet overheated.
Spot volume over the last 24 hours reached $90.7 billion, up 12% from the prior day. …
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