Odaily Planet Daily reports that Cointelegraph stated on the X platform that the total open interest in Bitcoin futures has fallen to $34 billion, down 28% over the past 30 days, the lowest level since November 2024. However, the Bitcoin-denominated open interest remains stable at 502,450 BTC, indicating that leverage demand has not changed. Some of the decline is attributed to $5.2 billion in forced liquidations over the past two weeks.
Weak US employment data and Bitcoin options skew suggest a market shift to the downside. The US Department of Labor data shows that the US economy will add only 181,000 jobs in 2025. The annualized funding rate for Bitcoin futures has been below 12% for the past four months, indicating a neutral level. Deribit’s Bitcoin options delta skew has risen to 22%, indicating a premium on put (sell) options.
Despite the weakness indicated by derivatives metrics, the US spot Bitcoin ETF has an average daily trading volume of $5.4 billion, contradicting speculation of reduced institutional demand.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: If BTC breaks through $69,657, the total liquidation strength of long positions on mainstream CEXs will reach $1.426 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,657, the total liquidation strength of long positions on major CEXs will reach $1.426 billion. Conversely, if BTC drops below $63,309, the total liquidation strength of short positions on major CEXs will reach $658 million.
GateNewsBot35m ago
Analyst: BTC Range Tightening Could Trigger Strong Momentum Move
_OG coin remains compressed between $66K and $72K, with steady positioning increasing the odds of a sharp breakout move._
Bitcoin is rotating within a defined bracket, and pressure is building. Sellers keep rejecting moves near $72,000, while buyers defend the $66,000 area. According to
LiveBTCNews1h ago
Bitcoin Bottom Signal That Preceded a 1,900% Rally Flashes Again
Bitcoin’s on-chain signals have shifted in a way that several researchers say signals capitulation could be underway, potentially setting the stage for a cycle bottom. The most studied metric — the short-term holder stress — has sunk to levels not seen since the late-2018 bear market trough,
CryptoBreaking1h ago
Ledn sells $188 million Bitcoin-backed bonds
Ledn completed a $188 million Bitcoin-backed securitized bond issuance, consisting of two tranches, with the investment-grade portion 335 basis points above the benchmark rate. The bonds are collateralized by approximately 4,078.87 Bitcoins, with a S&P Global rating of BBB-. Jefferies Financial Group was responsible for the issuance.
GateNewsBot1h ago
