Bitcoin Open Interest Falls 14% Amid Derivatives De-Risking
- —BTC open interest fell 14%, with 2026 drawdowns ranging from 11% to 19.5%
- —On September 12, futures open interest plunged by 13,600 BTC (~$1.05 billion) in a single day
- —Open interest had earlier fallen from 381,000 to 314,000 BTC, a 17.5% drop
- —Binance holds 36–37% of all bitcoin open interest
Why it matters: Lower leverage reduces the risk of cascading liquidations but also weakens the fuel for sharp price moves.
Source: Crypto Briefing