According to @glassnode, Bitcoin (BTC) futures open interest remains muted after October’s leverage flush with little sign of new speculative build-up, source: https://glassno.de/47Ksfup and https://x.com/glassnode/status/1980569106509082727. Derivatives activity has slowed materially, mirroring a broader backdrop of subdued market sentiment, source: https://glassno.de/47Ksfup and https://x.com/glassnode/status/1980569106509082727.

According to @CryptoWhale, Bitcoin experienced a notable price surge following increased trading volume and positive sentiment on September 5, as indicated by high ratings and bullish commentary from major analysts (source: @CryptoWhale, Twitter, 2024-09-05). Traders are advised to monitor support at $27,000 and resistance near $28,300, as the strong momentum could present opportunities for both swing and day trading. Additional indicators, such as the Relative Strength Index (RSI) moving above 60 and increased open interest in Bitcoin futures, further support the bullish outlook for short-term traders (source: Glassnode, 2024-09-05).