Bitcoin Breaks Out: BTCUSD Clears 72,500 USD Resistance as Derivatives Signal "Risk-On" Surge

BTCUSD breaks minor resistance $72500 after a long consolidation. Currently trading about $72478, it hits an intraday high of $72500.

With perpetual futures open interest (OI) up about 13% from its January lows and stabilizing over 61 billion USD alongside a price recovery towards the 71,900 USD mark, Bitcoin's derivatives market is flashing a clear "risk-on" indication. Rather than just price appreciation, true capital inflows fuel this surge in activity—a tendency strengthened by a bullish 3:1 call-to-put ratio in the options market, where open interest has ballooned to 16 billion USD. Importantly, the average OI-weighted funding rates have changed from negative territory to a positive 0%, suggesting that long-positioned traders are once again directing the market and willing to pay shorts to preserve their exposure, thereby signaling increasing optimism and a strong recovery in investor mood despite constant geopolitical uncertainty.

 Major support- $64000/$60000/$52500/$50000. Major bullishness only above $74000.

It is good to buy on dips around $71800-850 with SL around $69300 for a TP of $80000.