Bitcoin’s Open Interest (OI) level has hit a record high as its price has surged to $75,000. According to CoinGlass data, OI, which measures the total number of derivatives contracts outstanding on Bitcoin, has increased by 13.3% since November 5 to $45.4 billion. Analysts predict that Bitcoin’s price could rise even further. Currently trading at $75,792, Bitcoin’s current price range is considered ideal by many analysts.