Why Bitcoin Futures OI climbing to pre-ATH levels is important

Open interest in Bitcoin Futures is back to above $10.3 billion, a figure the charts last noted well before its most recent ATH. Interestingly, with Bitcoin trading at just over $35,500 at press time, one can also see that institutional demand for Bitcoin hasn’t dropped completely either. In fact, it is around to support Bitcoin at the said valuation – A positive sign for the crypto’s price rally.
Alas, while retail traders are expecting the price to bounce back to its ATH level, the biggest obstacle to the same is the increasing active supply. The investment flows into Grayscale have been low