Bitcoin price surge past $115K is driving a broader rally, as crypto stocks reportedly jumped by double digits alongside the move. The Bitcoin price surge has coincided with robust flows into U.S. spot ETFs and rising derivatives activity.
ETF inflows and macro tailwinds
U.S. spot Bitcoin ETFs have seen $928 million of inflows over the past two days, according to the source. This wave of capital likely supported the Bitcoin price surge. In addition, traders expect a more dovish Federal Reserve stance. After CPI data met expectations at 2.9%, a 25 bps rate cut next week is seen as priced in.
As a result, risk appetite appears to be improving. Crypto equities rallied in tandem, though exact figures were not provided. However, the correlation often tightens during sharp moves.
Derivatives signal rising interest
Bitcoin’s options open interest has hit an all-time high of $54.6 billion. That is a 26% increase since September 1, indicating growing investor participation and what some describe as a “cautiously optimistic” mood. The Bitcoin price surge seems to be attracting both hedging and speculative flows.
Key drivers cited include:
• Heavy spot ETF inflows over two days.
• Expectations of a 25 bps Fed cut following inline CPI.
• Record options open interest, up 26% since September 1.
Looking ahead, rate expectations could remain pivotal. If macro data shifts, volatility may follow. Therefore, market participants are watching policy signals closely.
For a primer on stable-value assets and their role in crypto market structure, see our guide on how stablecoins work. For live market reference, visit CoinMarketCap.