Next Big Bitcoin Move: What Are the Bulls Preparing For?
As it gets closer to its record high of $122,838 set in July 2025, Bitcoin (BTC) has once again gained attention. Rising spot and perpetual trading volumes, as well as a noticeable increase in open interest, which indicates increased trader confidence, are the main drivers of this recovery. The market is preparing for any turbulence that could either support or undermine Bitcoin’s positive momentum as investors anxiously anticipate the subsequent Consumer Price Index (CPI) release.
Institutional and Retail Investors Boost Bitcoin Positions
Bitcoin’s open interest has climbed by more than 7,800 BTC in recent days, according to data from top derivatives platforms, indicating heightened speculative activity. Strong conviction among traders wagering on further price growth is frequently reflected in this spike in open positions. These indicators, when combined with increasing spot and futures volumes, imply that institutional and ordinary investors are putting themselves in a strategic position ahead of significant macroeconomic developments.
Bitcoin Eyes CPI Report: Market Poised for Volatility Amid Inflation Concerns
An important driver of Bitcoin’s price trajectory is the forthcoming CPI report, which is anticipated to indicate a slight increase in annual inflation. Market players believe the lower-than-expected inflation data may support forecasts of an early rate drop by the Fed, which has historically benefited riskier assets like cryptocurrencies. But given the spike in put option volumes, which suggests that some traders are hedging against possible inflation upside surprises, caution is still in the air. This combination of caution and confidence creates the conditions for erratic price movement in the coming days.
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