What caused Bitcoin and Ethereum open interest to surge $2B?

Ceasefire between U.S. and Iran sparked risk-on bets; traders opened net new longs, per CryptoQuant.

Will this push Bitcoin back to all-time highs?

Unlikely soon—43% off peak. Needs sustained macros; $80k possible short-term if no shocks.

Is Ethereum open interest signaling a bigger rally?

Yes, matching BTC surge, plus U.S. premium flip. But 55% off ATH—catch-up potential high.

Bitcoin and Ethereum Open Interest Jumps $2B Each Amid Ceasefire Hopes

Traders were bracing for more crypto pain amid U.S.-Iran tensions. Then open interest exploded $2 billion each for Bitcoin and Ethereum, flipping sentiment overnight.

theAIcatchup Apr 09, 2026 3 min read

Charts of Bitcoin and Ethereum open interest surging past $2 billion amid price rally

⚡ Key Takeaways

BTC and ETH open interest up $2B+ each in 24h, highest in months. 𝕏
Net new longs confirmed; U.S. demand via Coinbase premium flips positive. 𝕏
Ceasefire-driven rally—bullish if holds, but 43-55% off ATHs tempers hype. 𝕏

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theAIcatchup

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#CryptoQuant #bitcoin open interest #crypto rally #ethereum open interest

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Originally reported by Decrypt

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