Bitcoin Surges Near $86K as Market Participation Increases

BTC is trading near $86,000 due to improving market conditions and increasing participation. Spot demand has strengthened over the past week, with the price momentum rising from 47.7 to 53.6, a 12.5% weekly increase.

The spot volume increased by 13%, from $5.48 billion to $6.18 billion, indicating stronger participation across centralized exchanges. The liquidity expansion provided additional support for the recent price recovery.

The derivatives market also shows increased activity, with futures open interest climbing 2.7% from $36.2 billion to $37.28 billion. Long-side funding payments rose by 47%, and Perpetual CVD surged 203.4%, indicating a change in aggressive futures positioning with buyers taking control.