According to @MilkRoadDaily, BTC futures open interest fell from $44.8B to $42.7B after last week’s dip, based on Glassnode data cited in the post (source: Milk Road on X; data: Glassnode). @MilkRoadDaily characterizes the $2.1B decline, roughly a 4.7% drop, as a leverage flush and a mini reset that could set up a cleaner path for the next move higher in BTC (source: Milk Road on X; data: Glassnode).

According to @KookCapitalLLC, there is growing optimism about Bitcoin reaching a new all-time high (ATH) soon, as recent trading activity signals sustained bullish momentum throughout the summer (source: Twitter/@KookCapitalLLC, May 8, 2025). Analysts point to increasing institutional inflows, strong on-chain metrics, and rising open interest in BTC futures as concrete indicators supporting the upward trend. Traders are closely monitoring resistance levels near previous ATHs and watching for potential breakout signals that could trigger further gains. This bullish sentiment is also fueling renewed interest in altcoins and DeFi tokens, with many investors reallocating portfolios to capture potential upside during the anticipated summer rally.