Markets· ★★★· bearish·

Bitcoin open interest on Binance drops to $8.91B, a two-month low

  • —Binance BTC open interest fell to $8.91B from $10.63B on September 21
  • —$951.4M liquidated in 24 hours, with $876.3M (92%) in longs
  • —BTC slid to $80,764 during Asian trading after hot CPI print
  • —Falling OI signals position unwinding rather than fresh directional bets
Why it matters: The leverage flush lowers the risk of cascading liquidations, but BTC's next move hinges on whether spot demand returns.
#BTC
Source: Blockmedia
More on this
Markets · Oct 7
Bitcoin at $84K as Binance Whale Ratio Hits Two-Month High
 Markets · Sep 29
Glassnode: Bitcoin up 35% from August low while open interest drops 20%
 Markets · Oct 5
Bitcoin Open Interest Drops 6–15% on Binance, Deribit and Gate.io