Bitcoin's open interest just hit levels we haven't seen since 2022—and that's got traders paying attention.
According to data from CryptoQuant, this compressed positioning is actually a familiar setup in BTC's playbook. When open interest contracts to these extremes, history shows two main patterns tend to follow: either the market enters a tighter consolidation phase, or if price holds key support, we see a bullish reversal kick in.
It's worth monitoring where BTC anchors over the next few days. These inflection points don't always deliver fireworks, but they do tend to clarify direction once momentum picks up.
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NFTRegretDiary
· 01-09 11:55
Open interest that hasn't been seen since 2022? Is this time really different?
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ChainChef
· 01-09 11:49
ngl this oi compression is basically the market letting all ingredients settle before the next course... either we're simmering in consolidation or price holds support and things get spicy. watching the next few days like it's the crucial plating stage tbh
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StopLossMaster
· 01-09 11:40
Extreme holdings since 2022? Trying to trick us again, history always repeats itself this way.
Bitcoin's open interest just hit levels we haven't seen since 2022—and that's got traders paying attention.
According to data from CryptoQuant, this compressed positioning is actually a familiar setup in BTC's playbook. When open interest contracts to these extremes, history shows two main patterns tend to follow: either the market enters a tighter consolidation phase, or if price holds key support, we see a bullish reversal kick in.
It's worth monitoring where BTC anchors over the next few days. These inflection points don't always deliver fireworks, but they do tend to clarify direction once momentum picks up.