ChainCatcher news, according to Forbes, as market sentiment strengthens, the price of Bitcoin is on the rise, and its open interest has also reached an all-time high. Amberdata's derivatives director Greg Magadini stated that the total notional interest rate for Bitcoin-related futures has climbed to a historic high, indicating strong market optimism for Bitcoin. Additionally, the open interest for futures contracts across the entire cryptocurrency market has also set a new record.Analyst Paul Howard believes that Bitcoin volatility may rise with the expiration of options, and current options market data shows a large amount of open interest in call options, reflecting a general bullish sentiment.

ChainCatcher message, Glassnode posted on platform X that the implied volatility of Bitcoin call options has surpassed that of put options. This change indicates an increase in bullish sentiment in the market, with traders more inclined to bet on price increases rather than hedge against downside risks------this is a risk preference signal supporting a bullish trend for Bitcoin.

ChainCatcher news, according to CoinDesk, CF Benchmarks CEO Sui Chung analyzed that the recent price rebound of Ethereum is primarily driven by short covering rather than new bullish bets in the market. Although the ETH price has risen nearly 90% since early April, breaking above $2,600, the one-month annualized premium for CME Ethereum futures remains low, ranging from 6% to 10%, failing to increase alongside the price rise.Chung emphasized, "In a more conventional market environment, if traders establish new long positions with leverage, we would expect to see an increase in the futures basis level. This reminds us that not all rallies are driven by new demand; sometimes they reflect market repositioning and risk adjustment."The weak inflow of funds into the U.S.-listed spot Ethereum ETF further supports this view, with only ten trading days showing net inflows over the past four weeks, and only once exceeding $100 million. These market indicators collectively suggest that the current rise in Ethereum prices lacks new demand and strong support from institutional investors.

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated in a report to clients on Wednesday that there is an interesting dichotomy between institutional and retail investors in the cryptocurrency space. On one hand, institutional investors have the most optimistic sentiment towards cryptocurrencies in history, while retail investors are sinking into despair. Investment professionals now view cryptocurrencies as a field where institutional capital is being allocated through ETFs at record amounts, and Washington has transformed from being one of the "biggest threats" to the industry to being one of the biggest supporters under the Trump administration, with nation-states potentially adopting the industry further.However, for retail investors, "it's almost like living in another reality," as Bitwise's own on-chain sentiment score shows one of the lowest readings ever. This index aligns with other sentiment indicators and the overall atmosphere of "crypto Twitter," where retail investors feel disheartened as their investments in altcoins have underperformed compared to Bitcoin, with only a few exceptions.Matt Hougan expressed his strong belief that institutions are correct, noting that so far this year, ETFs and corporations have purchased over 100,000 BTC, while the amount of BTC mined is 18,000. Moreover, in the long term, the allocation to altcoins is "stronger than at any time in history," but the situation for altcoins is more complex. As the regulatory agenda becomes clearer, the U.S. prioritizes stablecoins as a "national priority," and institutional confidence continues to grow, the crypto industry is bound to push DeFi applications to the mainstream, with impacts that are undeniable and unstoppable.

ChainCatcher news, according to glassnode co-founder Negentropic on social media, BTC trading balances show bullish sentiment. At the end of last year, the amount of BTC entering exchanges (possibly for sale or collateral) increased, but this trend reversed in 2025. Significant outflows of funds from exchanges (such as Binance) indicate that buyers are withdrawing BTC to cold storage, suggesting mid-term HODL intentions.

ChainCatcher news, the rise of the "Trump trade" in November has become a dominant factor driving global market trends. According to 4E monitoring, last week all three major U.S. stock indices rose, with weekly gains exceeding 1%. In November, the Dow Jones increased by 7.5% and the S&P rose by 5.7%, both marking the largest single-month gains of the year, while the Nasdaq accumulated over 6%. Large tech stocks saw widespread gains, with Tesla rising over 38% in November, achieving its best performance in nearly two years, and Nvidia accumulating a 179.23% increase this year. So far this year, the S&P 500 index has risen over 27%, compared to a 24% increase last year, leading to differing views on the outlook for U.S. stocks.The cryptocurrency market performed impressively in November, attracting widespread global attention. Bitcoin's monthly increase exceeded 37%, while Ethereum's rise reached 54%. Altcoins experienced significant gains at the end of the month, with market share continuously expanding; Bitcoin's market share has dropped by 8.15% from the peak of this bull market (61.78% on November 21), while the total market capitalization of altcoins rose nearly 70% in November. Historical data shows that Bitcoin has a significant average increase in December during the second half of the year, combined with the fact that most of Trump's cabinet are cryptocurrency investors, leading to strong bullish sentiment in the market.In the foreign exchange market, the dollar fell by 1.67% last week, ending an eight-week streak of gains, with a cumulative increase of 1.72% in November. The "Trump trade" boosted the dollar in November, hindering gold's upward momentum and triggering a sell-off after the election; spot gold fell about 3.7% in November, marking the largest monthly decline since September of last year. Oil prices continued to decline last week, with a weekly drop of over 3%.In recent weeks, investors have focused on Trump's various economic policies, but at the same time, the expectations for interest rate cuts by the Federal Reserve have also become quite nuanced. While the market expects an increased probability of a rate cut in December, the space for cuts in 2025 is continuously decreasing. The "near increase, far decrease" phenomenon largely reflects anxiety about the resurgence of inflation under a future Trump administration. This Thursday's speech by Powell and Friday's non-farm payroll data will largely set the tone for year-end rate cuts.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, precious metals, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to The Block, Deribit CEO Luuk Strijers stated: "As the U.S. elections approach, we are observing heightened market expectations, with approximately $3 billion in options open interest set to expire on November 8, including Bitcoin call options with strike prices of $70,000, $75,000, and $80,000, indicating relatively strong bullish sentiment."

ChainCatcher news, K33 Research senior analyst Vetle Lunde stated that the CME Bitcoin futures open interest reached a nominal all-time high yesterday, totaling 172,430 BTC. With the significant increase in open interest, the futures premium has risen to a 5-month high.The analyst believes that the growth in open interest is driven by active/direct market participants, rather than inflows from futures-based ETFs.

ChainCatcher news, on-chain analytics company Glassnode stated that the Bitcoin market is still in a long-term consolidation phase, which is very similar to the period from late 2019 to early 2020.Since the historical peak in March, the capital inflow into the Bitcoin network has slowed down, posing challenges to the profitability of short-term holders. However, despite experiencing local net capital outflows, new investors' confidence in the market remains quite strong, and a very mild bullish preference has also emerged in the perpetual futures market in recent weeks.

ChainCatcher message, Santiment published data on social media stating that after a 22% increase in Bitcoin price over the past 3 weeks, bullish sentiment has quickly replaced bearish sentiment, with traders expecting the price to reach $70,000 soon.If investors are waiting to see Bitcoin hit a new all-time high, they may need to wait until people lower their expectations. Currently, the number of bullish views significantly outweighs bearish views. However, historically, the market always moves in the opposite direction of crowd expectations.

ChainCatcher news, according to Decrypt, based on data from CoinGlass, despite the recent market crash, the funding rates for Bitcoin and Ethereum contracts remain bullish.On Tuesday morning, the funding rate for Bitcoin's open contracts was 0.0024%. This indicates that there are more traders opening long positions than those opening short positions. Therefore, measured by Bitcoin derivatives activity, the current market sentiment remains slightly above negative sentiment. The price crash has not completely eliminated the bullish sentiment among Bitcoin holders.

ChainCatcher news, QCP Capital stated that in the past two days, there has been an unusually large sell-off in the BTC and ETH Perp-June Basis, causing the entire forward curve to compress to 15-17%.They suspect that this liquidity may be related to Ethena, or it could be large investors reducing leverage positions while squeezing high forward yields.Additionally, despite the relatively small price fluctuations over the past week, they have observed an increase in bullish sentiment for BTC. The main reasons include increased inflows into BTC spot ETFs, positive news about traditional financial institutions joining Blackrock's ETF, significant purchases of BTC call options, reduced BTC leverage, and the upcoming BTC halving event.