Bitcoin Shows Bull Market Behavior as Ether OI Jumps; BTC Hits $76,120, Triangle Targets ≈$89K; ETH $1.47B Short Liquidation Wall at $2,451

first published 2026-04-14T10:30:00Z

Bitcoin is pressing up against $75,000 after two months of range-bound trading. About $200 million in short positions would be at risk if BTC moves above $75,500, a move that could accelerate an upside breakout. Notional open interest in crypto futures is roughly $126B, with bitcoin OI at a record 767,000 BTC and ether OI at 14.99M ETH. Funding rates are positive and net flow is buying, while 30-day implied volatility has stopped falling and dealer gamma is deeply negative at $75,000 — a setup that could amplify moves in either direction. Altcoins remain largely on the sidelines.

AI Analysis

~$200M of shorts face liquidation above $75,500; notional futures OI ~ $126B with bitcoin OI at a record 767,000 BTC; positive funding rates and net buying flow indicate bullish positioning; 30-day implied volatility has stopped falling and dealer gamma is deeply negative at $75,000, which could amplify moves.

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