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![glassnode Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1022821051187822593.png) glassnode [@glassnode](/creator/twitter/glassnode) on x 581.1K followers
Created: 2025-07-10 11:33:00 UTC

Shorts were punished again on the latest $BTC rally to $112K, but this time we also see traders are leaning in. Unlike the late-June rally, where OI dropped sharply, this latest run saw open interest rise - suggesting fresh long positioning, not just short squeezes.

![](https://pbs.twimg.com/media/GvfITBvXAAA8eyX.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943272238158914015/c:line.svg)

**Related Topics**
[$112k](/topic/$112k)
[$btc](/topic/$btc)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/glassnode/status/1943272238158914015)