Key results:

• Open interest of Bitcoin Futures reached a record 72 billion dollars, signaling the growing operate of levers among institutional investors.

• $ 1.2 billion in shorts from $ 107,000 to USD 108,000 is threatened with liquidation, increasing BTC chances.

Kturowe Open interest in Futures Bitcoin (BTC) increased to a record level of May 20, asking questions about whether the bear positions are now threatened. Despite the repetitive failures exceeding USD 107,000 from 18 May, the volume of leveraced positions can drive bitcoins to the modern highest all time.

Total open percentage of Futures BTC increased to $ 72 billion on May $ 20, which means an boost of 8% of $ 66.6 billion just a week earlier. Institutional demand is still the main motor of this lever, and Chicago Mercantile Exchange (CME) is $ 16.9 billion in BTC Futures, and then Binance, which has an open interest of $ 12 billion.

$ 1.2 billion in the Bariish BTC Lipidation Cluster in the amount of 107 thousand. USD – 108 thousand USD

According to Couminggass estimates, the highest concentration of the Bear Futures BTC liquidation is focused between USD 107,000 and USD 108,000, which is about USD 1.2 billion.

Although it cannot be predicted what can cause a breakthrough above $ 108,000 to force these leveled shorts to rest, the optimism associated with the growing fears of fiscal debt in the United States is growing. There is uncertainty as to how the government plans to achieve economic growth while reducing expenses, especially in the delicate of a constant dispute between democratic and republican legislators.

More importantly, the profitability for the 20-year treasure of the US remain nearly 5%, compared to 4.82% two weeks earlier. Indigent demand for a long -term government debt may force the US Federal Reserve to enter as a buyer of the last resort to maintain market stability, withdrawing the trend of 26 months. This approach exerts pressure on the American dollar and encourages investors to look for alternative security strategies, including Bitcoin.

Gold dominates, but bitcoins absorb the flow among reserve realocation

Gold remains a dominant alternative asset, but its 24% profits from year to day in 2025 and market capitalization of $ 22 trillion make it less attractive to many investors. In the case of the context, the entire S&P 500 index is priced at USD 53 trillion, while bank deposits in the USA and tax accounts (M1) are USD 18.6 trillion. On the other hand, Bitcoin currently represents a class of assets worth $ 2.1 trillion, approximately equivalent to silver.

Meanwhile, some regions, in particular the US, began to arrange the basis to transfer parts of their zlotys reserves to bitcoins-action, which can easily drive BTC to a modern level of all time. A modest realocation of 5% gold to Bitcoin through these nations would translate into an influx of $ 105 billion, which corresponds to $ 1 million at a price of USD 105,000.

Related: Bitcoin ready to “evaporate” shorts after starting a discovery of a price above USD 110,000

From the perspective of the strategy, the company recorded by the US led by Michael Saylor, currently has 576 230 BTC. There is no doubt that institutional buying remains the main Bitcoin catalyst, which exceeded USD 108,000. Such a movement would cause the liquidation of heavily used positions of the bear, probably accelerating the emphasis on a modern level of all time. However, eternal macroeconomic uncertainty still burdens the overall moods of investors.

When bitcoins flirt with a sign of USD 107,000, people with miniature positions are in the face of an increased risk of forced liquidation – the result that could further boost the price of the price.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.