Bitcoin's price climbed 1.5% to surpass $115,000, driven by increased activity in the derivatives market. Onchain indicators from Glassnode suggest that the market is gaining momentum, with Bitcoin needing to maintain its position above $115,000 to continue its recovery. Resistance is noted between $116,000 and $121,000. The derivatives market is playing a crucial role as spot demand weakens, with options open interest reaching a record $54.6 billion, indicating heightened investor interest. This trend could support Bitcoin's price, potentially pushing it towards $120,000 if it remains above $113,000. Key support levels are identified between $114,500 and $112,200, with significant resistance at $116,000.