📊 $BTC
BTCUSDT
Perp
93,465.8
-2.09%
Open Interest Insight
Bitcoin’s open interest in coins has returned to levels seen on 10/10, while USD-denominated open interest remains over $10B lower. Relative to BTC’s market cap, overall open interest is essentially back to pre-flush levels.
Much of this activity comes from profitable shorts added during the recent downtrend, combined with significant spot selling over the past weeks. This dynamic has kept funding rates near neutral, as spot and futures prices continue to move in tandem.
⚡ What It Means:
Shorts remain comfortable, likely allowing positions to TWAP out over time. A potential squeeze would require spot selling to slow and shorts to be forced out.
