Cryptocurrency exchange Binance experienced a notable jump in Bitcoin Open Interest (OI) volume, rising $500 million shortly after the release of the US Consumer Price Index (CPI) data, which indicated potential future rate cuts in 2025. This triggered a positive reaction from crypto market participants, with Binance's Bitcoin OI increasing by 3.30% to reach $10.96 billion. As of the time of publication, the total Bitcoin OI on Binance stood at $12.20 billion. The overall Bitcoin OI across all major exchanges grew by almost $3 billion to a total of $63.19 billion. Following the CPI data release, Bitcoin's price rose from around $96,000 to over $100,500 before settling at $99,587. Crypto market sentiment has also improved, with the Crypto Fear & Greed Index posting a score of 75, indicating 'Greed.' Analysts express caution about Bitcoin's short-term price movements but view current levels as potentially solid buying opportunities.

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