Bitcoin is sending strong bullish signals. According to CryptoQuant, Bitcoin’s open interest has hit a record high of $19.8 billion, indicating bullish sentiment among traders.

- Open interest peaks: Bitcoin’s open interest has hit an all-time high of $19.8 billion, reflecting strong demand growth.

- Active funding rate: Bitcoin’s funding rate has also hit its highest level since August, indicating that the majority of open interest is favoring long positions.

- Rising demand: Bitcoin demand is growing at its fastest pace since April 2022, with inflows into US Bitcoin ETFs doubling from $253 million to $555 million.

🔍 Bright future: With increased demand and inflows, Bitcoin could continue its bullish momentum in the near term.