From Cointelegraph

May 20, 2025 4:32 pm:

Bitcoin futures open interest hits record $72 billion, with $1.2 billion in shorts at risk of liquidation between $107,000 – $108,000. Leveraged positions could drive BTC to new all-time high. Total open interest in BTC futures climbs to $72 billion, with CME leading at $16.9 billion. Bearish BTC liquidations cluster at $107K-$108K. The US Treasury yield remains close to 5%, driving investors to seek alternative hedging strategies like Bitcoin. Gold remains dominant asset, but Bitcoin absorbs flow amid reserve reallocations, potentially propelling BTC to new highs if nations shift gold reserves into Bitcoin. Institutional buying remains primary catalyst for BTC to break above $108,000. Holding short positions near $107,000 risks forced liquidations, fueling upward price momentum.

Read more at Cointelegraph: Bitcoin open interest hits record high as bulls stampede toward new BTC price highs