Bitcoin open interest plunges 43% to $24.5B since ATH
Portfolio Pulse from
Bitcoin's open interest has dramatically dropped from $57 billion to $24.5 billion, indicating reduced market speculation and hedging. Despite hitting an all-time high of $109,000 in January, BTC is struggling to maintain momentum and break the $90,000 resistance level. On-chain data shows declining liquidity, reduced exchange inflows, and potential institutional accumulation.
March 22, 2025 | 2:00 am
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NEUTRAL IMPACT
Bitcoin is currently trading around $84,001, hovering above the crucial $85,000 support level. Market indicators suggest potential volatility with possible institutional accumulation.
The significant drop in open interest suggests market uncertainty. However, the asset remains above the 200-day moving average and shows potential institutional interest, indicating a neutral to potentially bullish short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100