Market Trends - Bitcoin futures open interest saw a jump following Trump's pro-crypto orders, then unwound [1]

Market Analysis & Volatility - Implied volatility is extremely low while open interest is near multi-year highs, suggesting explosive volatility is expected [2][3][6] - A potential hidden risk zone for Bitcoin is around the $105,000 level, supported by onchain data [19][21][22] - Bitcoin options are skewing bullish, with significant value stacked in calls and puts around August 29th, September 26th (60-day window), and December 26th [23][24] Supply Shock & Demand - A supply shock is anticipated within 60 days, potentially leading to upside volatility [2][7] - Bitcoin treasury companies are poised to inject approximately $15 billion into the market in Q3, exceeding the first half of 2024's Bitcoin ETF net flows [12][14] - ETF investors and treasury companies are primarily long-term holders, not looking for quick profits [9][10][11] Technical Indicators - Low implied volatility often precedes significant market movements [4] - Bitcoin futures open interest nearing $80 billion indicates a potentially explosive move, either up or down [5] - UTXO cost basis histogram reveals a significant accumulation or realization wall around $105,000 [21]

Market Trends - Ethereum open interest dominance nears 40%, the highest since April 2023 [1] - The shift in speculative focus from Bitcoin to Ethereum is signaled [1]

RT Lucky (@LLuciano_BTC)#Ethereum's OI dominance has surged to nearly 40%; the highest level since April 2023. Historically, only 5% of days have recorded a higher reading.This is a clear shift in speculative appetite, as capital appears to be rotating from $BTC to $ETH.Meanwhile, Polymarket traders are placing a 37% probability on $ETH reaching $4K before the month ends. ...

Not quite there yet, but Perpetual Hub Ultra is online 🙂Hyperliquid (@HyperliquidX):Open interest continues to reach new all-time highs, surpassing $14.7B. https://t.co/LqxharQVur ...

curve futures open interest just broke ath at $477m. spot liquidity providers are dead. massive rotation into structured products and sophisticated derivatives playing out. simple pairs trading is for rookies now.basic spot yields getting murdered by complex strategies ...

🚨 ALERT: Bitcoin’s open interest has reached a new all-time high of $44.5 billion amid a price decline, signaling increased leverage and a higher risk of market volatility and liquidations. https://t.co/fZe0zN76mc ...

RT TimesCrypto (@timescryptonews)📈 Surge in SUI Market Metrics:Open Interest peaked at $840M on July 18 and now holds steady at $725M. Price trades at $3.694, slightly off recent highs.Rising OI + rising price = bullish sentiment brewingFor more crypto updates: https://t.co/aKbk339MoD#SUI #Crypto #Alts https://t.co/rTuxf6i1Ma ...

the money is speaking louder than the narratives• hyperliquid: $13.8B open interest, $6M daily revenue• single trader drops $121M across btc/eth/hype positions• rex-osprey sol etf: $12.6M daily inflowstraders aren't waiting for permission anymore. they're building new venues in real timethe gates are wide open ...

$ETH OPEN INTEREST IS EXPLODING! 🤯🚀 https://t.co/kmJo7Aej37 ...