Btc open interest on 18th may 2025

As of May 18, 2025, Bitcoin's (BTC) aggregated open interest across major futures and perpetual contracts stands at approximately $30.4 billion. This includes around $28.3 billion from perpetual contracts and $2.0 billion from traditional futures contracts. Over the past 24 hours, open interest has seen a slight decline of about 0.74%, indicating a modest reduction in active derivative positions .

Analysts have observed that the 30-day aggregated Open Interest Delta has reached levels similar to those seen during previous major breakouts, such as Bitcoin's surge to all-time highs near $73,000 in 2024. This pattern suggests a potential consolidation phase ahead, as the market exhibits a two-phase cycle: a sharp rise in Delta signaling aggressive accumulation, followed by a nearly equal decline due to liquidations or profit-taking .

Additionally, current market behavior indicates a shift in trader sentiment. There is a noticeable decrease in the number of traders opening short positions, reflecting a general sense of caution in forecasting bearish moves. This trend is often interpreted as a bullish indicator, suggesting that traders are more inclined to hold onto their Bitcoin rather than betting against it .