{"id":23280,"date":"2025-04-22T11:29:03","date_gmt":"2025-04-22T08:29:03","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-comments-on-bitcoins-rise-amid-derivatives-market-revival\/"},"modified":"2025-04-22T11:29:03","modified_gmt":"2025-04-22T08:29:03","slug":"analyst-comments-on-bitcoins-rise-amid-derivatives-market-revival","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-comments-on-bitcoins-rise-amid-derivatives-market-revival\/","title":{"rendered":"Analyst Comments on Bitcoin&#8217;s Rise Amid Derivatives Market Revival"},"content":{"rendered":"<p>As of April 21, open interest (OI) in perpetual bitcoin contracts surged by 17.4%. This data was provided by the CryptoQuant analyst known as Darkfost. <\/p>\n<p>Comparable increases of 16% and 15% were observed during the strong bullish phase in November-December 2024. At that time, derivatives activity bolstered the positive trend in the spot market, the specialist noted.<\/p>\n<p>During the mentioned period, such changes in OI led to price increases of 10% and 7%, respectively. This time, the reaction was more restrained <em>\u2014<\/em> the price increase was limited to 4.2%.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"257241\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1527.webp\" alt=\"1-1527\" class=\"wp-image-257241\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"257242\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1080.webp\" alt=\"2-1080\" class=\"wp-image-257242\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<\/figure>\n<p>CryptoQuant concluded that there is a &#8220;fairly strong&#8221; supply overhang.<\/p>\n<p>Earlier, analysts<a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-realized-capitalization-hits-record-high-a-sign-of-strength\"> noted<\/a> an increase in realized capitalization to a new record, indicating strong expectations of a short-term price rise.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">April 22, 2025 | 13:57<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>According to Glassnode, over the past 26 hours, OI in bitcoin futures rose by $2.4 billion to $38.6 billion, the highest since March. Trading volume of the leading cryptocurrency on spot exchanges tripled \u2014 from $2.9 billion to $8 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In the same time, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Spot Volume surged from $2.9B to $8.0B, nearly tripling in less than 36 hours. This shows a simultaneous influx of capital into the spot market alongside the OI spike. <a href=\"https:\/\/t.co\/ZOskHNLtii\">pic.twitter.com\/ZOskHNLtii<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1914609940418752678?ref_src=twsrc%5Etfw\">April 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>By June, the market is expected to reach a local bottom, with the future direction set by the outcomes of negotiations between the US and major trading partners regarding tariffs, <a href=\"https:\/\/forklog.com\/en\/news\/nansen-predicts-crypto-market-bottom-by-june\">according to<\/a> Nansen.<\/p>\n<p>Coinbase previously <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-predicts-end-of-crypto-winter-by-late-2025\">recommended<\/a> maintaining a &#8220;constructive attitude&#8221; towards bitcoin&#8217;s prospects in the second half of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of April 21, open interest (OI) in perpetual bitcoin contracts surged by 17.4%. This data was provided by the CryptoQuant analyst known as Darkfost. Comparable increases of 16% and 15% were observed during the strong bullish phase in November-December 2024. At that time, derivatives activity bolstered the positive trend in the spot market, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1205,1145],"class_list":["post-23280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptoquant","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23280"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23279"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}