The crypto market is showing increasing volatility as Bitcoin price increases. Rising open interest indicates higher trading volumes and more futures positions opened.

- Current short position liquidations exceed long position liquidations, giving a positive signal to maintain the upward momentum.

- However, a quick correction is still possible if overly risky long positions are liquidated.

- It is advisable to trade with tight stop-losses and avoid excessive leverage due to increased volatility.

Optimism towards BTC remains, despite the challenges facing the overall crypto market.