In the past week, the Bitcoin market rose by almost 10%, representing a significant rally amid recent bearish struggles. Notably, the leading cryptocurrency has now reclaimed the $73,000 price zone for the first time since mid-March, translating to a mild bullish undertone for most investors. However, traders in the derivatives market remain largely unconvinced of a bullish recovery, given the rise in short positions during this period. Related Reading: Bitcoin Battles Key Levels: Will $70,000 Hold Or Trigger A Fresh Decline? Bitcoin Open Interest Jumps $350M, But Volume Lags According to market analyst Amr Taha, Bitcoin’s price gain was accompanied by a similar rise in leverage across major exchanges, indicating a boost in futures traders’ activity. However, a different on-chain data suggests that new market calls are dominated by bearish positioning rather than bullish ones. For context, data from the [BTC]: Open Interest Change By Exchange 7D Chart shows that Binance registered a $350 million increase in open interest on April 9, marking its highest level recorded since March 20. Meanwhile, Bybit followed with $299 million in new contracts, while OKX also recorded $200 million in new contracts. Amid these impressive figures, more data from the BTC: Binance Cumulative Net Taker Volume/OI [USD] 24H chart shows that net take volume on the world’s largest exchange failed to rise to the same levels. For context, the net taker volume measures the difference between aggressive buying and aggressive selling in the futures market. Therefore, a positive net taker volume suggests more aggressive buying, and there is greater bullish pressure in the market. However, Amr Taha’s observations indicate that aggressive buying activity accounted for only a small portion of the open interest boost observed on April 9. This suggests that most traders are placing negative bets on the premier cryptocurrency or opting for passive limit bids rather than aggressive market participation. Either way, there is an apparent lack of bullish conviction in the futures market despite Bitcoin’s recent rally. As a result, the sustainability of the upward move increasingly depends on genuine spot demand rather than leveraged derivatives positioning. Related Reading: Bitcoin Spikes Above $72,000 On Easing War Tensions, But CPI Threatens Reversal Bitcoin Price Overview At the time of writing, Bitcoin is valued at $72,837, up 0.34% over the last 24 hours. In tandem, the daily trading volume had experienced a similar slight rise of 3.85%. Despite the encouraging rally over the past week, the maiden cryptocurrency remains deep in a bear market, with its market price 42.08% below the cycle high of $126,200 recorded in October, 2025. Featured image from Pixabay, chart from Tradingview
Amid the cheers of the new year, Ethereum achieved a decisive breakout above the long-standing price resistance around $3,000. According to market analyst Amr Taha, this price gain has been accompanied by significant changes in the derivatives market, which suggest an aggressive shift in investors’ positioning. Related Reading: 2026 Crypto Market Prediction: Will Prices Soar Or Face Continued Declines? Ethereum Traders Flood Market With Long Positions To Usher In 2026 In a QuickTake post on CryptoQuant, Amr Taha shares an in-depth analysis of the Binance derivatives market following ETH’s recent surge in the first days of 2026. Notably, the market expert reports an impulsive rise in ETH open interest on the world’s largest exchange, in what they described as “one of the strongest single-day increases seen recently. As the spot price climbed above $3,100, data from CryptoQuant shows that ETH open interest rose from approximately $6.2 billion to around $7.1 billion, representing a 12% increase in the last day. Taha highlights the importance of the coincidence, stating a rise in open interest amid price appreciation suggested that traders were opening fresh positions, rather than the move being driven solely by short covering. Interestingly, more data showed the ETH Cumulative Volume Delta – which measures the net difference between buying and selling volume over time – also rose alongside open interest, implying several positive developments. One of which is that long positions comprised the majority of the newly opened positions in the market, citing a heavy bullish sentiment around Ethereum. In addition, ETH buyers demonstrated heightened urgency by favoring market orders over passive limit bids, indicating aggressive taker-side demand, implying a strong market conviction that preferred to engage the market immediately rather than wait for lower prices. Related Reading: Popular Crypto Founder Dumps Millions In Ethereum, Here’s What He’s Buying A Potential Bull Trap? In analyzing the liquidation heatmap for the ETH derivative market, Amr Taha unveiled other critical price developments. Notably, ETH’s recent surge was partly driven by a short-squeeze effect around the $3,100 price level. Notably, when the altcoin touched this level, over-leveraged short traders had to defend their positions, effectively creating a market demand that translated into a sudden price gain. While the recent price increase and open interest boost represent positive moments for the market, Taha warns that forced liquidation often results in temporary resistance zones on the lower timeframe, especially when accompanied by rising funding rates. The analyst also explains that Ethereum’s price move appears leverage-driven and highly sentimental rather than structural, suggesting equal room for both opportunity and risk. At press time, the prominent altcoin trades at $3,087, representing a 2.51% gain in the last day. Featured image from Pexels, chart from Tradingview
Bitcoin continues to consolidate within the $88,000 price zone, resulting in no significant price move over the last day. The “digital gold” had experienced a highly volatile trading week, marked by swift price swings between $85,000 and $90,000. During this period, the Bitcoin futures markets registered two major short liquidation events, which could meaningfully impact price trajectory in the days ahead. Related Reading: Bitcoin In Standby Mode: Weekend Ranges Rule Before Holiday ‘Chop’ Bitcoin $600M Short Liquidation To Limit Price Upside: Analyst In a QuickTake post on December 20, popular analyst Amr Taha highlights some important developments in the Bitcoin futures markets with significant implications for price growth. As the premier cryptocurrency struggled to establish a stable price direction over the last week, the market recorded two consecutive short liquidation events, eventually pushing prices to trade above the $87,700 price level. Notably, short liquidation occurs after traders bet on the downside and the asset’s price moves sharply upward, eroding their margin and forcing exchanges to close those positions, sometimes amplifying the rally in a short squeeze. Traders log in waves of short positions amid heightened bearish expectations, such as when Bitcoin twice fell below $90,000 in the last week. Amr Taha reports that each of the dual short liquidations exceeded $300 million, bringing total losses to $600 million. Interestingly, the analyst further explains that short liquidations are bullish during the move, but once completed, they frequently mark temporary resistance unless followed by strong spot buying and volume expansion. This is due to a lack of organic market demand, as the initial price boost was driven by former short sellers being forced to buy back their position, thus creating the short price squeeze seen in the market. Related Reading: Major Ethereum Metric Just Hit A New All-Time High – Can Price Reclaim $3,000? Low USDT Transaction Volume Signals Fading Liquidity Notably, Amr Taha also discovered another underlying development that could limit Bitcoin’s recent price surge. The renowned analyst notes that USDT Transaction volume on the TRON and Ethereum blockchains has drastically declined over the last month. On November 10, USDT transfers on these platforms reached $13 billion (TRON) and $35 billion (Ethereum). However, CryptoQuant data shows that these figures dropped to $1.7 billion on TRON and $3.7 billion on Ethereum, marking respective losses of 86.9% and 89.4%. Generally, a diminishing USDT transaction volume suggests low market liquidity, which would impact investors’ ability to drive up market demand. This factor, coupled with the expected brief performance of the short-squeeze, means Bitcoin may struggle to produce more price gains in the coming days. At press time, the leading cryptocurrency trades at $88,321, reflecting a 0.72% gain in the past day. Featured image from Flickr, chart from Tradingview
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound. Related Reading: Analyst Says Bitcoin Price Is Ready To Surge: ‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’ Bitcoin Net Taker Volume Hits $309 Million Despite Price Fall In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst a significant price correction. The pundit reports a major uptick in buying pressure, which suggests investors may be quietly accumulating despite the present price weakness. Notably, on-chain data shows that the Bitcoin crash to below $105,000 coincided with a spike in the net taker volume on Binance to around $309 million, marking its first positive zone since October 10. In trading terms, buy-taker volume represents orders that actively hit the ask, i.e., traders willing to buy immediately at market price rather than waiting for a better entry. The move indicates that, despite short-term volatility, there remains a deep undercurrent of bullish conviction among Bitcoin holders and traders. This high accumulation activity during a price demand usually precedes local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price rebound. Furthermore, while the taker volume surged, Amr Taha reports that the open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This divergence suggests that trading activity is concentrated in the spot market rather than in leveraged derivatives, reinforcing the fact that investors are actively participating in the present market state. In summary, the renowned crypto analyst views this exchange activity development as a potential bullish undercurrent. Taha explains that spot accumulation around key liquidity levels, such as the $105K zone, often serves as a foundation for future price recoveries once selling pressure subsides. Related Reading: BNB Active Addresses Hit Record 3.6 Million – Analyst Explains Network Growth Bitcoin Rebound Verified By Gold Price Surge In other news, a market analyst with the username Crypto Jebb echoes Bitcoin’s chances of a major price rebound. However, the expert anticipates the premier cryptocurrency may still see a further decline before eventually finding a bottom around $92,000. In line with a growing notion, Jebb hinges his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the former hits a new market peak. Notably, gold is currently maintaining an impressive bullish momentum, having become the first asset to surpass a $30 trillion market capitalization value. Jebb predicts an eventual capital rotation when the gold market starts to correct, with potential inflows expected to push Bitcoin to around the $150,000 price mark in January. At press time, Bitcoin trades at $107,053, representing a 0.74% decline in the past day following a modest recovery effort. Featured image from Flickr, chart from Tradingview
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst.