BTC Near $120k — Watch Open Interest for a Clean Breakout

I'm watching Bitcoin as it sits near the $119,000–$120,000 decision zone while Binance futures open interest climbs toward prior highs, suggesting fresh speculative longs are entering the market.

If open interest grows faster than price, the rally becomes vulnerable to a long squeeze; a breakout above $120k with stable or falling OI would be a healthier signal and could push BTC toward $122k–$124k.

I'll monitor OI versus price closely — steady or declining OI on gains favors spot-driven strength, while a jump in OI without price follow-through would make me wary of liquidation-driven downside.