The total open interest in contracts across the entire network recently saw the largest single-day increase since July last year.

ChainCatcher news, according to glassnode, the total contract open interest across the network has recorded the largest single-day percentage increase since 2025. As the bitcoin price tested $69,400, leverage expanded significantly. This phenomenon coincides with speculators making large bets on bitcoin breaking through $70,000, but ultimately failing to materialize.