“The market is accumulating positions,” said YouHodler’s Head of Markets Ruslan Lienkha in a comment to CoinDesk. According to him, the current consolidation around the $107,000 level may serve as a base for a new upward impulse, potentially leading to a fresh record high.

Futures open interest has reached $75 billion — a record high, indicating increased speculative activity and traders’ readiness for a breakout. On the spot market, BTC has been trading above $100,000 for 11 consecutive days, which is also seen as a signal of accumulation.

“There’s growing interest in options and implied volatility has dropped to an 18-month low,” noted HTX Research analyst Chloe Zheng. In her view, a breakout above $107K would open the way toward $115,000.

Meanwhile, Dogecoin, Cardano, and XRP have added 4%, while Ethereum and Solana gained 2% each. The market continues to be driven by retail investors and enthusiasts despite ongoing geopolitical and macroeconomic uncertainty.