“Donald Trump’s election victory served as a key catalyst,” said Gracy Chen, CEO of Bitget. Open interest in Bitcoin futures grew from $39 billion to $60.9 billion. According to Bitfinex analysts, this reflects increased trading activity and expectations of further price growth.

Experts note that despite the significant rise in leverage, the current surge does not indicate an immediate correction. “The $94,000 level became a zone for significant transactions, causing a slight pullback. This is entirely natural market dynamics,” analysts added.

Chen emphasized that while confidence in Bitcoin’s future is growing, corrections are inevitable due to market volatility. She added that such adjustments help stabilize the situation when leverage becomes excessive.

Ethereum is also showing impressive growth. “The capital shift from Bitcoin to Ethereum has been a key driver,” stated QCP Capital. Over the week, ETH/BTC rose by 17.8%, reaching 0.03760. Moreover, inflows into Ethereum ETFs on November 27 amounted to $90.1 million, strengthening expectations of reaching the all-time high of $4,868.

The total cryptocurrency market capitalization increased by 2.1% to $3.4 trillion. Bitcoin’s dominance fell to 54.7%, while Ethereum’s share rose to 12.4%. Investors are actively diversifying their portfolios, increasingly turning to altcoins.

“The growth in open interest is a sign of market maturity and increased institutional involvement,” noted Bitfinex analysts. They added that this underscores Bitcoin’s role in integrating cryptocurrencies into traditional financial systems.