During the period from 14 to 15 October, the price of Bitcoin increased by 8%, resulting in a growth of 11.5% over the last 30 days. During this period, Bitcoin significantly outperforms the S&P 500 index, which added 3.8%. The current price growth is accompanied by an increase in the total open interest in the Bitcoin derivatives market, which signals the opening of new positions by traders and, accordingly, growing interest in this market. However, it should be remembered that high open interest can increase the risk of cascading position liquidations in case of unexpected price movements. Thus, the risks of increased price volatility are growing.

Bitcoin quotations have overcome the local maximum

, but the development of directed upward movement will only be possible with the appearance of significant fundamental factors. The price is in the resistance zone.