Bitcoin Open Interest Plunge: Prelude to a Bullish Reversal?

Monday Nov 24 2025 06:10

Duration

2 min

  1. 1. Bitcoin Open Interest Dives: Is a Reversal Imminent?

  2. 1.1 Historical Patterns Suggest Potential Rebound

  3. 1.2 Comparison to the 2022 Bear Market

  4. 1.3 Bitcoin's Price Decline: An Overview

  5. 1.4 Key Price Levels: Could the Bull Market Return?

Bitcoin Open Interest Dives: Is a Reversal Imminent?

Bitcoin's open interest has experienced a significant decline alongside the cryptocurrency's price slide over the past month. Some analysts believe this drop could signal Bitcoin hitting a bottom, potentially sparking a "renewed bullish trend." According to CryptoQuant analyst "Darkfost," Bitcoin (BTC) open interest has seen its "sharpest 30-day drop of the cycle" at around 1.3 million BTC, currently valued at $114 billion with Bitcoin trading at $87,500. The cascading price of BTC over recent weeks "continues to trigger liquidations," pushing traders to double down or readjust their strategies. However, investors now appear to be halting futures trading to "reduce risk exposure."

Historical Patterns Suggest Potential Rebound

Darkfost notes that these cleansing phases have historically been essential for forming a solid bottom and setting the stage for a renewed bullish trend. Deleveraging, forced closures of overly optimistic positions, and a gradual decline in speculative exposure all contribute to rebalancing the market.

Comparison to the 2022 Bear Market

Darkfost pointed out that the last time Bitcoin open interest fell so rapidly over 30 days "was during the 2022 bear market, which highlights how significant the current cleanup really is."

Bitcoin's Price Decline: An Overview

Bitcoin has declined by 20% over the past month and has seen a decline of over 30% since hitting a peak of over $126,000 nearly two months ago in early October.

Key Price Levels: Could the Bull Market Return?

Crypto analyst and MN Fund founder Michaël Van de Poppe argues that the coming week is going to be "decisive" for the price of BTC and its chances of hitting a new all-time high in the near future. In an X post on Sunday, Van de Poppe stated that if BTC can surge back and remain in the $90,000 to $96,000 range, "then the chances of a revival toward a new ATH have significantly increased." He added, "Fear and panic are max during the past days. Those are the best opportunities in the markets."

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

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Written by:

Ava Grace

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