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Open interest in Bitcoin trading is a key measure for assessing current market moods in the field of digital assets, including potential price movements.
Theoretically, Bitcoins growth Open interest It suggests liquidity, which can also support a continuous price trend.
According to the latest Glassnode data, Oi Bitcoin fell from 57 billion to $ 37 billion, i.e. a 35%loss, because the best world digital resource reached the highest level.
Interestingly, Bitcoin reached the highest level of USD 108,786 on January 20, on the day on which the President of the United States Donald Trump was inaugurated for the second term.
Bitcoin It trades from 83 thousand USD up to USD 86,000, which is over 22% compared to the peak at the time of writing.
Bitcoin open interest and its possible effect on the price
Investors and holders utilize an open interest rate to evaluate the mood and potential results of market assets.
Digital assets with an open decrease in interest means that traders and investors close their positions because of uncertainty or lack of trust or move away from the trading.
Since then, interest on Futures has dropped from USD 57 billion to USD 37 billion (-35%) #BitcoinATH, signaling reduced speculation and security activity. This decrease reflects the fluidity spasm in the chain, indicating wider risk behavior. pic.twitter.com/xpbxihxlrs
– Glass node (@Glassnode) March 20, 2025
In Glassnode analysis, the decrease in OI Bitcoin reflects a broader trend of reducing actions and the liquidation of the chain, in which investors have less confidence in assets.
The current Bitcoin status suggests that most investors are now looking for miniature -term transactions for quick profits at the expense of long -term positions.
There is a shift in positions – Glassnode
According to Glassnode, traders and investors are now in cash and career trading, with a weakening of long positions. He adds that the closure of CME and ETF outflow contracts reflect the change in investor strategy, and also enhance sales pressure.
Also, the availability of ETFs, which have less liquidity than Futures, can affect the miniature -term variability of the Alpha cryptography market.
The data emphasizes the Balmy supply record
Glassnode also emphasized the Balmy Asset supply record. This is another crucial indicator that follows Holdings Bitcoin within one week or less.
According to the same thread on Twitter/x, this number has dropped from 5.9% of the total BTC in circulation to 2.8%, which reflects a decrease by more than 50% in the last three months.
The decrease in warm supply suggests that there are less up-to-date bitcoins on the market, reducing the liquidity of assets.
Glassnode painted a gloomy image of Bitcoins, explaining that the influx of exchange dropped from 58 600 bitcoins per day to 26,900 bitcoins, which is a 54%decrease.
This bitcoin trend suggests weaker demand, because less assets go to cryptographic exchange.
A distinguished picture from Olhar Digital, Chart TradingView
