Bitcoin has experienced a calm weekend, maintaining its momentum above the $100,000 mark after breaking this milestone on Wednesday and setting new highs. The crypto market is buzzing with anticipation as BTC consolidates near its historic levels, with traders and investors eagerly awaiting its next move.

Adding to the excitement, CryptoQuant analyst Maartunn recently highlighted compelling data on CME Options Open Interest (USD) – Stacked by Position. This data points to growing activity among institutional traders, suggesting that a significant price movement could be on the horizon. Historically, similar spikes in open interest have preceded major volatility in Bitcoin’s price, making this metric one to watch closely.

While Bitcoin’s quiet weekend offers a moment of respite for market participants, the underlying signals suggest that this calm may not last long. As the crypto king hovers near its all-time highs, many are speculating whether it will continue its upward trajectory or face a temporary pullback. 

Either way, the stage is set for an intriguing week ahead, with key market metrics hinting at heightened activity and potential fireworks in the coming days. Stay tuned as Bitcoin’s next move could define the narrative for the broader cryptocurrency market.

Bitcoin Open Interest: Calls Stacking Up

Bitcoin has been in an uptrending range since late November, consistently making higher highs but failing to set a massive breakout. The price action has remained steady, with Bitcoin continuing to climb toward new levels. Despite the positive momentum, the market is waiting for a decisive move to push the price higher, and many traders are closely monitoring Bitcoin’s ability to break above its all-time highs (ATH).

CryptoQuant analyst Maartunn recently shared key insights on X, highlighting an interesting development in Bitcoin’s market structure. According to Maartunn, BTC stacked put positions have reached multi-year highs, which could signal a brewing storm.