Bitcoin has recently surged above 109,000 USD, bolstered by increasing Open Interest and positive readings from the Binance Netflow SMA30. This suggests a strong sentiment in the market and potential for prices to continue climbing.
Data reveals a significant rise in active addresses and Open Interest, indicating heightened trader participation. The Binance Netflow SMA30 historically correlates with key price movements, suggesting that BTC could reach new highs in the near future.