💰Inflow of new money into the market.
According to Glassnode (https://x.com/glassnode/status/1914609940418752678), the volume of BTC spot trading has increased almost threefold in two days and is $8 billion.
This means that new money is pouring into the market, which is reflected in surges in 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.

This marks the highest OI level since late March, indicating a sharp rise in derivative positioning. https://t.co/tRpqnelKOJ

In the same time, $BTC Spot Volume surged from $2.9B  to $8.0B, nearly tripling in less than 36 hours. This shows a simultaneous influx of capital into the spot market alongside the OI spike. https://t.co/ZOskHNLtii