ANALYSIS: BITCOIN OPEN INTEREST DOWN 30% FROM OCTOBER PEAK, LAYING GROUNDWORK FOR A BULLISH REBOUND

robot
Abstract generation in progress

CryptoQuant data shows #BTC derivatives open interest has dropped about 30% from its October high, signaling broad deleveraging. Historically, sharp OI declines often mark major bottoms and support rebounds. The current price rise alongside falling OI suggests short covering rather than excessive leverage, though Greeks Live notes the market has yet to enter a structurally bullish phase. #CryptoMarkets #Bitcoin

BTC0,24%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)