Bitcoin futures 'deleveraging' wipes $10B open interest in 2 weeks

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Source: CryptoQuantAn accompanying chart shows the 90-day rolling change in aggregate OI, highlighting the severity of the market’s U-turn following the all-time highs.“Currently, the 90-day change in Bitcoin futures open interest has dropped sharply and now sitting at -14%,” Darkfost concludes. “Looking at historical trends, each past deleveraging like this has provided good opportunities for the short to medium term.”Crypto “demand crisis” emergesContinuing, fellow CryptoQuant contributor Kriptolik eyed increasingly active derivatives markets overall since November 2024.

CryptoQuant, which uses data from various major crypto exchanges, calculates that aggregate open interest (OI) on futures fell by $10 billion in just three weeks from Feb.20 through March 4. “On January 17th, Bitcoin's open interest reached an all-time high of over $33B, indicating that leverage in the market had never been this high,” contributor Darkfost writes.

The drop, he argues, “can be considered as a natural market reset, an essential phase for sustaining a bullish continuation.”Bitcoin futures OI data for top exchanges.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United StatesMali

Topics: Derivatives Bitcoin Cryptoquant Market Interest Open Exchanges All-time Research Markets Futures

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 06:45:21 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27167064

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