BITCOIN JUST HAD ITS LARGEST OPEN INTEREST MELTDOWN
Since the October 10 liquidation event, #Bitcoin open interest has dropped more than at any point in this cycle.
Binance is down $4B in OI, Bybit is down $3B+, and Gate is down $2B+. Traders have not rushed back in with leverage.
Normally, leverage rebuilds quickly after a wipeout. This time it hasn’t -- which shows confidence is still shaken.
This explains the slow and choppy price action: the market is operating with less leverage and fewer aggressive positions.
The upside is that when leverage resets like this, the market usually becomes more stable. It lowers the risk of another sudden cascade and sets up a healthier base for the next move.
This is a $BTC reset, not a breakdown. 🔥
We hit 20k Followers on Square A little Sol Red Pocket 🍒
#币安合约实盘 The node assessment has started again. Friends who haven't opened the fee rebate can contact Brother Hei.
Fee 20% off invitation code: HGBTC
(A brief explanation of the fee rebate)
Many people are not clear about how trading fees work in contract trading. Today, I will explain it to everyone in detail.
Trading fees are often the most overlooked cost during the trading process. Taking Binance’s trading fees as an example, we can calculate it this way:
Assuming your capital is $1000:
1: Using 10x leverage, your trading amount will be magnified to $10000. If calculated at a rate of 0.05%, the trading fee for each transaction is $5. Completing a contract trade, including opening and closing positions, the total fee is $10.
Summary: If using 10x leverage, conducting 5 contract trades daily, the daily fee is: 5 trades * $10 = $50; The monthly fee is: $50 * 30 days = $1500; The yearly fee is: $1500 * 12 months = $18000.
2: If using 20x leverage, the trading amount will be magnified to $20000, and the trading fee for each transaction is $10. Completing a contract trade, the total fee is $20.
Summary: If using 20x leverage, conducting 5 contract trades daily, the daily fee is: 5 trades * $20 = $100; The monthly fee is: $100 * 30 days = $3000; The yearly fee is: $3000 * 12 months = $36000.
This is just based on calculations with 10x and 20x leverage. If using higher leverage, such as 100x, the fees will be even more astonishing.
From these calculations, it can be seen that over a year, fees could amount to tens of thousands of dollars. Therefore, the fees saved translate into profits. Even in cases of improper operation leading to liquidation, the refunded fees can provide you with new capital.
Thus, reasonable planning and management of trading costs are crucial for long-term profits.
So this is why I urge everyone to open fee rebates. If your old account did not have a rebate during registration, you can re-register using a family member’s identity information.
🌹🌹🌹DAILY CRYPTO RITUAL “The Shadows of Red November” (November 3, 2025 – When the market bleeds but the whales still whisper)🌹🌹🌹
At the rise of the scarlet shadows, the numbers fall like leaves in a bloody autumn, November is tinted red this morning where the tokens cry and the blockchain hearts float in silence.
Today, the blockchain groans under the pale moon: “Amidst the red of corrections, do not chase the fleeting shadows but listen to the whales dancing among the stars and brave the night.”
Each transaction, a stifled scream, each liquidation, a veil lifting at dawn.
The energy of the day $BTC , the Wounded Phoenix, slips below the EMA 20-200 after a weekend of capitulation. Powell doubts a new rate cut and the stablecoins (USDT, USDC) swell to 3% of the cap, a sign of institutional waiting. Its breath is a smoldering fire, its light, a call to endurance.
The Shards of the Day “Whispers in the Red” Market in capitulation: BTC, ETH, XRP, and altcoins drop hard, rotation towards tech stocks, strong dollar and rising yields drain liquidity. Hong Kong opens wide: Crypto markets accessible to the whole world, a bridge to Asian adoption. Latin America awakening: Crypto adoption as a springboard or a warning? While Thai Ponzi schemes collapse (14 M$). Stellar events: B-Only in Annecy (BTC focus), Australian Crypto Convention in Sydney and unlocks/token lurking this month.
The Breath of the Day Today, 1,442 blocks have been forged in the turmoil. 1,442 floating heartbeats despite the fear. The hashrate rumbles at 718 EH/s: a symphony of 718 million trillion calculations where the ETH whales still accumulate (101 M ETH) and the blockchain hearts dance, untamed.
Scarlet Red Mantra “The red night does not break the chains, it forges the souls; block by block until the dawn of inflows.”
The most challenging aspect of contracts is never vision, but mindset.
Spot trading is like a long-distance run; it's okay to be slow. Contract trading is like a boxing match; if you don't throw a punch well, you could be eliminated.
You think you're watching the market, but in fact, you're gambling with your life. The shorter the time frame, the more intense it is; The more intense it is, the easier it is to be led by emotions.
Many people say "I lost my mindset" after losing money, but that's not losing it; it's their nature being magnified. Greed, fear, urgency, and gambling cannot be hidden.$
Friends who trade contracts, especially those who engage in high leverage and high frequency, should be aware of the terrifying trading fees. Don’t overlook these fees; frequent trading can accumulate significant costs. Many friends can earn back hundreds to thousands of USDT in rebates within a week, allowing them to buy some good cigarettes and wine for themselves, purchase quality skincare products for their wives, enroll their children in good tutoring classes, and buy health supplements for their parents. Therefore, it is essential to open a rebate account; the trading fees can also be considered as self-earned income. Not having a rebate on trading fees can be quite frustrating. You can register directly on the Binance APP interface using the invitation code: JC8888. Brothers who successfully activate the rebate can add me as a friend in the chatroom to receive surrounding benefits.
Friends who trade contracts, especially those who engage in high leverage and high frequency, should be aware of the terrifying trading fees. Don’t overlook these fees; frequent trading can accumulate significant costs. Many friends can earn back hundreds to thousands of USDT in rebates within a week, allowing them to buy some good cigarettes and wine for themselves, purchase quality skincare products for their wives, enroll their children in good tutoring classes, and buy health supplements for their parents. Therefore, it is essential to open a rebate account; the trading fees can also be considered as self-earned income. Not having a rebate on trading fees can be quite frustrating. You can register directly on the Binance APP interface using the invitation code: JC8888. Brothers who successfully activate the rebate can add me as a friend in the chatroom to receive surrounding benefits.
💫💖🌹 “When the shadows of October give way to the light of November" 🌹💖💫
The leaves of October crumble like tokens in correction but November opens up, a green cloak embroidered with stars where ETFs sing, where whales weave the future.
The message of the blocks Today, the blockchain whispers in the wind : « Let the ghosts of yesterday fade in the flow and listen to the inflows that dance like fireflies. » Each transaction, a thread of gold, each EMA, a bridge to the horizon.
The energy of the day $BTC , the Eternal Phoenix is reborn: November, its talisman month (+42.5% on historical average). Trump calls for Powell's dismissal for softer rates and analysts target $125,000–$130,000 by year-end. His calm is a beacon, his flame a call to patience.
The Highlights of the Day PayPal x OpenAI: AI joins payments, a spell of mainstream adoption. Shiba Inu ETF: T. Rowe Price files, a bark that could shake the walls. $ETH , the Bullish Mermaid: hidden divergence, Tom Lee sings $5,500–$12,000 in 2025, whales accumulate 100.92 M ETH. Memecoins on fire: “czstatue” pump then crash, a cautionary tale for lost souls.
The Breath of the Day 1,440 blocks have been forged in serenity, 1,440 heartbeats of the network. The hashrate pulses at 715 EH/s: a symphony of 715 million trillion calculations where ETFs $SOL capture $69.5 M in a single day and ARK Invest adds 105,000 bullish shares ($114 M).
November Mantra « Trust blooms in the silence of corrections, block after block, under the rising sun. » Breathe the fresh air of renewal. Observe the signs. Dance with the flow.
I wish you a Magical November month 🙏✨️🌹, Kindly ✨️, #PATRICIABM 💫💖🌹