Examining BTC Options OI Shift Ahead of $48k Resistance

Noticed a significant increase in out-of-the-money call open interest for $BTC around the $48,000 strike across multiple exchanges (Deribit, CME) for end-of-month expiries. This comes as spot struggled to decisively break that level earlier today. While some of it could be hedging or speculative positioning, it's worth considering the implications if $BTC maintains its current consolidation pattern below $48k heading into next week. Does this suggest a potential for a sharper rejection, or are these positions simply anticipating a delayed but inevitable breakout with a higher perceived upside cap? Curious to hear others' interpretations on how they're weighing this against current volume and funding rates.