Bitcoin Stalls at $82K as Open Interest Drops $2.2B and Funding Turns Negative
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Bitcoin Stalls at $82K as Open Interest Drops $2.2B and Funding Turns Negative
Bitcoin has entered a pause phase after its recent rally, with derivatives data showing traders pulling back while spot demand remains weak. According to CryptoQuant verified analyst Carmelo Alemán, BTC has spent nearly 24 hours moving sideways around the $82,000 level without a strong breakout in either direction.Visit Website
Bitcoin Is Stalled at $81,000: The Derivatives Structure Explains Why
Key Takeaways BTC at $81,186. Open Interest: fell from $29.09B (May 5) to $26.84B (May 11). Funding rate: -0.01218343. ELR stable at 0.23581241. Garman-Klass volatility: 2.79%, down from above 5%. Major liquidity cluster: $85,537. MVRV ratio: approximately 1.5. Why Bitcoin Is Not Moving Since the May 5 open interest peak of $29.09B, OI has fallen to $26.84B on May 11, a reduction of $2.255B, equivalent to -7.75%. Between May 10 and May 11 alone…
Bitcoin goes through a compression phase in the full range of $82,000 after several days of sustained advance. Although the price continues to be close to recent peaks, the internal market structure shows clear signs of temporary exhaustion: the Open Interest continues to fall, the spot volume remains lateral and the casting rates enter deep negative ground. The combination of these factors explains why BTC has lost directional momentum over the…
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