Bitcoin Open Interest Dives, but Bottom Could See ‘Renewed Bullish Trend’

Bitcoin open interest plummets to a 6-month low

Bitcoin’s (BTC) open interest has dramatically declined during the cryptocurrency’s month-long price slide, witnessing its sharpest 30-day drop this cycle, according to November 24 metrics Finbold reviewed from on-chain and market data analytics CryptoQuant. The flagship cryptocurrency has lost roughly 20% over the past month and more than 30% since hitting a record above $126,000 in early October, trading at around $86,100 at press time.  Weeks…

ETH Falls To 4-Month Low While Futures Data Flags $3.2K – #CryptoUpdatesGNIT

Key takeaways: ETH derivatives positioning shows large traders increasing long exposure as sentiment stabilizes despite ongoing weakness in broader risk markets. Public companies holding sizable ETH reserves continue to trade at discounts, signaling investors still lack conviction in a near-term recovery. Ether (ETH) faced a sharp 15% drop Wednesday to Friday, falling to $2,625, its lowest level since July. The move wiped out $460 million of lev…

Bitcoin open interest dives, but bottom could see ‘renewed bullish trend’

Bitcoin open interest has plunged, signaling the market has flushed out traders, but analysts say this could be a bottom that sparks a renewed bullish uptrend.