Bitcoin futures open interest has reached an all-time high of $75 billion, indicating a surge in leveraged positions as traders eye a pivotal breakout beyond the $108,000 resistance level. With significant bearish short positions clustered at this level, a breakout could trigger a massive market movement.

Investors and traders should track this situation closely, as high open interest suggests that volatility could increase. The outcome of this impending breakout will likely have widespread implications for Bitcoin’s price trajectory, so staying informed is crucial during this period of heightened activity.