According to @francispouliot_ as shared by BitMEX Research, recent Bitcoin trading data for May 2025 reveals significant increases in on-chain transaction volume and a notable surge in open interest across major derivatives exchanges. These metrics indicate heightened market activity and potential volatility, providing traders with actionable signals for short-term trading strategies. BitMEX Research reports that such spikes often precede price swings, making it critical for traders to monitor real-time exchange flows and derivatives positions for optimal entries and exits (source: BitMEX Research, May 1, 2025).