- Bitcoin’s Open Interest Delta spikes to pre-2024 highs, signaling renewed whale activity and a potential breakout above $ 80 K.
- A bullish MACD crossover aligns with whale-driven delta expansion, reinforcing Bitcoin’s technical and sentiment-based bullish momentum.
- MicroStrategy’s Bitcoin tracker hints at institutional buys, supporting rising open interest and sustained BTC price above $ 78 K.
Bitcoin’s 30-day aggregated Open Interest Delta has surged to levels last seen before its 2024 all-time high near $73,000. The renewed spike suggests whales are once again positioning ahead of a potential breakout, echoing prior bull cycles.
Whales Show Signs of Strategic Accumulation
According to a post by Alphractal, “The 30-day aggregated Open Interest Delta has just reached the same levels seen back in 2024, when Bitcoin was breaking new all-time highs near $73K.” Historical data shows a clear link: large green delta spikes typically precede major price rallies. From March to April 2025, this same dynamic lifted BTC above $80,000 for the first time.
Between July 2023 and early 2025, shifts in open interest delta tracked major market movements. Strong positive deltas marked whale accumulation phases, while sharp negative turns often followed over-leveraged liquidations. That rhythmic pattern appears to be resurfacing now.
Such cycles are underscored by long-term delta metrics. The 180-day and 365-day deltas reveal structurally bullish behavior with repeating accumulation periods. As of May 2025, the 180-day delta nears negative territory, a historical precursor to consolidation and renewed whale interest.
MACD Cross and Technical Breakout Confirm Sentiment
Bitcoin’s weekly MACD has made a bullish crossover, its third since 2023. According to analyst Moustache, similar crossovers in October 2023 and October 2024 preceded explosive rallies. The current signal coincides with a breakout from a descending wedge and a sharp rise in momentum.
The MACD histogram has turned green again, a sign of strengthening trend confidence. As technicals and derivatives data converge, institutional sentiment is reinforcing on-chain signals. BTC’s sustained hold above $75,000 has validated bullish expectations.
Simultaneously, market watchers point to broader patterns aligning with prior breakout setups. Price consolidation, followed by whale-driven delta expansion, has become a reliable marker for directional change.
Saylor Tracker Hints at Incoming Institutional Buys
MicroStrategy founder Michael Saylor has reposted his Bitcoin tracker, often a precursor to new corporate buys. His posts frequently precede fresh acquisitions by the firm, and traders now speculate a similar move could follow. Past purchases have coincided with strong delta growth phases.
Saylor’s signal adds to the bullish setup already unfolding across derivatives and spot markets. If a new buy is confirmed, it could accelerate momentum just as open interest delta expands again. Bitcoin remains above $100,000, supported by rising long positions across major exchanges.
