Bitcoin is consolidating just above $100,000, fueling a spike in futures market activity that may pave the way for a fresh rally to new record highs.
BTC hovered around $107,000 on Tuesday, edging closer to its all-time peak as traders pile into leveraged positions.
Futures open interest hit a record $75 billion across major exchanges, reflecting growing speculative interest in the asset.
Meanwhile, Bitcoin’s spot price has stayed above the $100,000 mark for over 11 days, signaling steady accumulation among investors.
“This period looks like a healthy consolidation phase,” said Ruslan Lienkha, YouHodler’s head of markets. “It sets the stage for another possible push upward that could take BTC beyond previous highs.”
At press time, Bitcoin traded near $107,500, up roughly 1.5% in 24 hours. Ethereum and Solana climbed about 2%, while Dogecoin, Cardano, and XRP gained approximately 3-4%.
Options market data supports the bullish case. The call-to-put ratio rose to 1.55, while out-of-the-money call premiums increased, showing traders are positioning for a breakout, noted HTX Research analyst Chloe Zheng.
Short-term implied volatility remains subdued at 35–40%, an 18-month low, indicating calm market conditions amid rising leverage.
“Low volatility and strong sentiment often conceal growing leverage, a combination that can trigger sharp price moves,” HTX Research commented. “Bitcoin could retest all-time highs within the next 30 to 45 days.”
However, the $107,000 resistance is proving tough. FxPro analyst Alex Kuptsikevich highlighted that retail and momentum traders continue to drive the market despite macro risks and security concerns at exchanges.
“Future price action depends on shifts in global risk appetite,” Kuptsikevich said. “If Bitcoin breaks through $107K, the path to $115K becomes more likely.”
