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Journalist<\/p>\n<\/p><\/div>\n
Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- Bitcoin tested $96.5K, a key resistance level that may trigger further upside if broken.<\/em><\/li>\n
- Open Interest surged, reflecting renewed market participation without signs of excessive leverage buildup.<\/em><\/li>\n<\/ul>\n
Bitcoin\u2019s [BTC]<\/span><\/a> recent momentum has been accompanied by a notable surge with rising Open Interest, reflecting renewed market participation. <\/span><\/p>\nThis<\/span> increase<\/span><\/a> mirrors historical bullish setups where rising open interest preceded strong price action.<\/span><\/p>\nImportantly, Funding Rates remained balanced, while Binance data showed shorts in control, indicating a healthy, two-sided market.<\/p>\n
At press time, BTC traded at $96,398.33, down 0.36% over the last 24 hours.<\/p>\n
Bitcoins Is supply-side pressure easing across exchanges?<\/b><\/h2>\n
Bitcoin\u2019s Exchange Reserve declined to $238.31 billion, reflecting a 0.67% drop. This decrease suggests that investors are increasingly moving BTC off exchanges, typically a bullish signal tied to reduced sell-side pressure.\u00a0<\/span><\/p>\nMoreover, netflow stood at -4.33K BTC, reflecting a +2.45% shift toward outflows. Therefore, this shift in reserve and netflow structure highlights growing accumulation behavior.\u00a0<\/span><\/p>\nThe current supply dynamics signal that fewer coins are available for immediate sale, providing a favorable backdrop for price stability and potential upside.<\/span><\/p>\n\n![](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Exchange-Netflow-Total-All-Exchanges-2.png\")
<\/a><\/p>\nSource: CryptoQuant<\/p>\n<\/div>\n
Bitcoins Are Bitcoin users returning to the network in large numbers?<\/b><\/h2>\n
Network engagement is on the rise, with Daily Active Bitcoin Addresses spiking to 924.55K, among the highest levels this year.\u00a0<\/span><\/p>\nThis uptick reflects increased blockchain activity and broader interest in Bitcoin transactions. <\/span>Therefore, the heightened address count signals strong organic network usage rather than purely speculative volume.<\/span><\/p>\nHistorically, higher Active Address counts have accompanied sustained bullish phases, lending further support to the current recovery narrative. <\/span><\/p>\nIf this trend continues, it could reinforce BTC\u2019s momentum and validate the on-chain strength behind its rebound.<\/span><\/p>\n\n
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- Bitcoin tested $96.5K, a key resistance level that may trigger further upside if broken.<\/em><\/li>\n
- Open Interest surged, reflecting renewed market participation without signs of excessive leverage buildup.<\/em><\/li>\n<\/ul>\n
Bitcoin\u2019s [BTC]<\/span><\/a> recent momentum has been accompanied by a notable surge with rising Open Interest, reflecting renewed market participation. <\/span><\/p>\n
This<\/span> increase<\/span><\/a> mirrors historical bullish setups where rising open interest preceded strong price action.<\/span><\/p>\n
Importantly, Funding Rates remained balanced, while Binance data showed shorts in control, indicating a healthy, two-sided market.<\/p>\n
At press time, BTC traded at $96,398.33, down 0.36% over the last 24 hours.<\/p>\n
Bitcoins Is supply-side pressure easing across exchanges?<\/b><\/h2>\n
Bitcoin\u2019s Exchange Reserve declined to $238.31 billion, reflecting a 0.67% drop. This decrease suggests that investors are increasingly moving BTC off exchanges, typically a bullish signal tied to reduced sell-side pressure.\u00a0<\/span><\/p>\n
Moreover, netflow stood at -4.33K BTC, reflecting a +2.45% shift toward outflows. Therefore, this shift in reserve and netflow structure highlights growing accumulation behavior.\u00a0<\/span><\/p>\n
The current supply dynamics signal that fewer coins are available for immediate sale, providing a favorable backdrop for price stability and potential upside.<\/span><\/p>\n
\n<\/a><\/p>\nSource: CryptoQuant<\/p>\n<\/div>\n
Bitcoins Are Bitcoin users returning to the network in large numbers?<\/b><\/h2>\n
Network engagement is on the rise, with Daily Active Bitcoin Addresses spiking to 924.55K, among the highest levels this year.\u00a0<\/span><\/p>\n
This uptick reflects increased blockchain activity and broader interest in Bitcoin transactions. <\/span>Therefore, the heightened address count signals strong organic network usage rather than purely speculative volume.<\/span><\/p>\n
Historically, higher Active Address counts have accompanied sustained bullish phases, lending further support to the current recovery narrative. <\/span><\/p>\n
If this trend continues, it could reinforce BTC\u2019s momentum and validate the on-chain strength behind its rebound.<\/span><\/p>\n
\n - Open Interest surged, reflecting renewed market participation without signs of excessive leverage buildup.<\/em><\/li>\n<\/ul>\n
![](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-BTC-11.37.00-03-May-2025.png\")
<\/a><\/p>\n![](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-BTC-11.38.43-03-May-2025.png\")
<\/a><\/p>\n![](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/BTCUSD_2025-05-03_11-40-24.png\")
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