Bitcoin
Bitcoin Open Interest Hits New All-Time High In The Past Week, Data Shows

The Bitcoin open interest has been a subject of debate over the past week, with various on-chain platforms revealing its recent record-breaking surge. However, investment analytics firm Alphractal disputed that the open interest in BTC had reached a new all-time high.
Interestingly, a prominent crypto analytics platform has put forward new data on the Bitcoin open interest, disclosing that this indicator indeed forged a record high over the past week. Here is its potential implication on the price of BTC.
Are Bitcoin Traders Taking More Risk?
In a new post on the X platform, Glassnode revealed that open interest in Bitcoin across all exchanges reached a new all-time high.
Glassnode wrote on X:
Open Interest across both perpetual and fixed-term futures contracts has recorded a new ATH of $32.9B this week, suggesting a marked increase in aggregate leverage entering the system.
For context, open interest is an indicator that measures the total amount of futures or derivatives contracts of a particular cryptocurrency (BTC, in this scenario) in the market at a given time. It typically offers insight into the amount of funds being invested into Bitcoin futures at the moment. Rising open interest also suggests a shift in investor sentiment and an increase in market speculations, with many traders gearing up for market movement.
Source: Glassnode/X
With the Bitcoin open interest surging to a new all-time high of $32.9 billion in the past week, it shows that fresh capital is flowing into the most valuable market in the cryptocurrency industry. Although the metric doesn’t provide information on whether these new futures positions are bearish or bullish, it does indicate the likelihood of higher volatility in the market.
As Glassnode highlighted on X, there is a significant increase in aggregate leverage entering the Bitcoin derivatives market. From a historical standpoint, the market tends to witness significant and spontaneous price swings whenever there is heightened risk-taking behavior from traders.
This market outlook sets up an interesting next few weeks for the price of Bitcoin, which has not particularly impressed in the month of October. After forming a strong bullish momentum in the previous week, the premier cryptocurrency has failed to capitalize in the past few days.
BTC Price At A Glance
As of this writing, the price of Bitcoin lies just beneath the $67,000 level, reflecting a 2.1% decline in the past 24 hours. Meanwhile, the premier cryptocurrency is down by about the same figure on the weekly timeframe, according to data from CoinGecko.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
Bitcoin
$500 Trillion Bitcoin? Saylor’s Bold Prediction Shakes the Market!


Michael Saylor, one of the most outspoken supporters of Bitcoin, is back and bolder than ever. In a recent statement, the former MicroStrategy CEO predicted that the alpha coin will potentially hit a $500 trillion market cap. Saylor’s bold prediction for the world’s top digital asset comes during the intensified push for a Strategic Bitcoin Reserve (SBR).
In his latest pro-crypto statement, Saylor argued that the digital asset will “demonetize gold”, then it will demonetize real estate, which he calculated as 10x more than gold. To summarize his argument, Saylor further states that Bitcoin will demonetize “all long-term store of value”.
Push For SBR Gains Ground
Saylor’s latest statement comes as Congress intensifies its efforts to build the country’s BTC holdings. United States President Donald Trump formalized the plans to build crypto holdings through an executive order to establish a strategic crypto reserve that will initially include $17 billion worth of BTC that the country currently controls.
Michael Saylor: Bitcoin Headed to $500 Trillion 🚀₿
– At Digital Asset Summit, MicroStrategy’s Saylor predicted:
• BTC will reach $500T market cap
• It will “demonetize gold, real estate & all long-term stores of value”
– Capital shift: “From physical to digital, from…— AFV GLOBAL (@afvglobal) March 28, 2025
According to the president, additional acquisitions of cryptocurrency are allowed, provided these are done through “budget-neutral” approaches. Senator Cynthia Lummis initially proposed in the Senate, through the Bitcoin Act, the plan to create a Bitcoin reserve. Under the proposal, the administration can purchase 1 million Bitcoin to complement the reserve.
Saylor Explains Crypto’s Role During Blockchain Summit
Saylor’s latest prediction on Bitcoin was made during his appearance at the DC Blockchain Summit. He was joined on stage by Jason Les, the CEO of Rito Platforms, and Lummis, the principal author of the Bitcoin Act.
During the program, Saylor was asked about America’s need for Bitcoin. Saylor answered with conviction, saying the rising importance of BTC is inevitable and will happen with the US’ participation. During his talk, he shared that Bitcoin, created by the enigmatic Satoshi Nakamoto, is unstoppable.
Image: Gemini Imagen
Saylor added that the premier digital asset is the next stage in money’s evolution, and it’s currently absorbing value from traditional assets like currency reserves and real estate.
Saylor Predicts Top Coin Will Reach $500 Trillion In Market Cap
During his talk, Saylor predicted that BTC will eventually grow from $2 billion to $20 billion, which can hit $200 billion and beyond. Finally, he thinks the asset can achieve a $500 trillion market capitalization, reflecting more than 29,000% increase from its current market capitalization of $1.67 trillion.
Saylor’s recent bold prediction aligns with his firm conviction and support for the asset. He argues that Bitcoin’s unique features, its decentralized nature and fixed supply, make it a perfect hedge against economic uncertainties like inflation.
Featured image from Gemini Imagen, chart from TradingView

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Bitcoin
Big Bitcoin Buy Coming? Saylor Drops a Hint as Strategy Shifts


A top executive of Strategy, formerly MicroStrategy, posted a cryptic post on X, fueling speculation that the company might be positioning itself to make another Bitcoin acquisition soon.
Strategy Executive Chairman Michael Saylor suggested in an X post that the company would purchase additional Bitcoins to boost its current BTC holding of $42 billion.
Saylor To Buy More Bitcoin
In a typical Saylor fashion, the Strategy top honcho disclosed the company’s BTC investment portfolio tracker, an indicator that the company is planning an upcoming Bitcoin acquisition.
Needs even more Orange. pic.twitter.com/lV5qgUP6oY
— Michael Saylor⚡️ (@saylor) March 30, 2025
“Needs even more Orange,” Saylor said in the post, referring to the orange circles in the graph (below), which represents the company’s Bitcoin purchases since September 2020.
Once again, Saylor’s post intrigued the crypto community because many believe the graph conveys a message that Strategy will buy more BTC soon.
Strategy Stockpile: Over $40B BTC
According to Saylor, Strategy’s Bitcoin holding now stands at more than $42 billion. Despite the company’s already huge investment in BTC, it seems the company will continue to increase its holdings, believing in the value of crypto.
Strategy has made great strides in building its BTC reserve from its initial Bitcoin purchase of 21,454 coins worth $250 million in August 2020.
On March 17, the company announced its latest acquisition of 130 Bitcoins for about $10.7 million in cash, with an average price of around $82,981 per coin.
Meanwhile, Onchain Lens reported on Sunday that Strategy moved a considerable number of its coins to new addresses.
“Strategy (formerly MicroStrategy) transferred 7,383.25 $BTC worth $612.92M to three new addresses on March 30,” Onchain Lens said in a post.
Analysts believe the company is influencing the crypto market to strengthen its position, as its chairman has consistently urged others never to sell their Bitcoin.
Strategy (formerly #MicroStrategy) has transferred 7,383.25 $BTC worth $612.92M into 3 new addresses.https://t.co/8KVn8hYNDL pic.twitter.com/g92HZCvoLp
— Onchain Lens (@OnchainLens) March 30, 2025
Fueling BTC Adoption
Many market observers argued that Saylor’s BTC investment strategy might have driven crypto adoption. Ironically, Saylor was pessimistic about Bitcoin’s future in 2013, predicting that the flagship crypto would fail.
However, in 2020, Saylor became one of Bitcoin’s staunch advocates and has now been preaching the merits of the firstborn crypto, urging companies to acquire Bitcoin.
For example, Visa planned to let its customers spend digital assets directly at 70 million merchants. At the same time, financial institutions such as JPMorgan and Morgan Stanley have begun offering crypto investments to wealthy clients and institutional investors.
Featured image from Times Now, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin
Strategy Adds 22,048 BTC for Nearly $2 Billion

Michael Saylor announced that Strategy purchased nearly $2 billion worth of Bitcoin. This is a massive leap over last week’s purchase, which was already quite substantial.
Nonetheless, the firm was only able to make this acquisition thanks to major stock offerings. Bitcoin’s price has been sinking over the last few weeks, and this could mature into a potential liquidation crisis.
Strategy Maintains Bitcoin Purchases
Since Strategy (formerly MicroStrategy) began acquiring Bitcoin, it’s become one of the world’s largest BTC holders. This plan has totally reoriented the company around its massive acquisitions, inspiring other firms to take up the same plan.
Today, the firm’s Chair, Michael Saylor, announced another purchase, much larger than the last few.
“Strategy has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, Strategy holds 528,185 BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin,” Saylor claimed via social media.
Strategy’s latest Bitcoin acquisition, worth just shy of $2 billion, is a major commitment. In February, the firm made a similar $2 billion purchase, and it was followed by a tiny $10 million buy and a $500 million one. The $500 million purchase, which took place on March 24, only happened thanks to a huge new stock offering. This move further cements Strategy’s faith in BTC.
By making these billion-dollar buys, Strategy is able to buttress the entire market’s confidence in Bitcoin. However, investors should be aware of a few potential cracks.
First of all, Bitcoin’s performance is a little subpar at the moment. Despite hitting an all-time high recently, Bitcoin is having its worst quarter since 2019, and there is not much forward momentum.

This could cause a unique problem for the company. Since Strategy is a cornerstone of market confidence, it is unable to offload its assets without jeopardizing Bitcoin’s price.
The firm’s debts are growing at a fast rate, and this could have dangerous implications if Bitcoin keeps falling. Strategy could be forced to liquidate, even if that seems unlikely now.
Still, it’s important to remember that these are only possible scenarios. Strategy has maintained its consistent Bitcoin investments for nearly five years, and it’s paid off tremendously well. However, if it keeps taking on billions in fresh debt obligations, this faith will turn into a gamble with very high stakes.
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