Bitcoin Open Interest Delta (365-day) just recorded the second largest decline in history on a USD basis.

However, when measured in coins across 30 exchanges, the delta remains positive.

This suggests OI is still elevated relative to current prices — setting the stage for potential massive liquidations on the next strong move.

#PredictWorldCup🇳🇴vs🏴󠁧󠁢󠁥󠁮󠁧󠁿

BTC1.70%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
10
2
Share

Comment

Add a comment

StakingDaydreamer

· 07-14 18:08

The dollar-denominated price has crashed but the coin amount hasn’t decreased. In essence, the nominal value has been eroded by the price drop, and the true risk exposure may be underestimated.

View OriginalReply0

YieldTwilight

· 07-14 04:16

Coin-based OI is growing, indicating that institutional hedging orders are still in place. These smart money hasn’t moved, so the probability that retail leverage breaks first is higher.

View OriginalReply0

SentimentIndicatorCollecting

· 07-13 21:45

Wait for a strong trend to emerge; these high OI are the fuse for a chain liquidation. Right now, it’s a low-volatility torment period before the storm.

View OriginalReply0

My_Power

· 07-12 02:00

LFG 🔥

Reply0

My_Power

· 07-12 02:00

To The Moon 🌕

Reply0

ColdStartUnderTheAurora

· 07-12 00:38

OI denominated in USD vs coins tells two different stories, classic case of why you always check both metrics before making a leveraged bet.

Reply0

PunkRiskMgr

· 07-12 00:17

OI increased relative to price = the liquidity landmines haven’t been fully defused yet, and a squeeze-killing script for both longs and shorts is already booked.

View OriginalReply1

MirrorBallReflection

· 07-12 00:16

A 365-day cycle ranks second in history, but what about a 30-day cycle? It feels like the main players are playing a game of trading time for space.

View OriginalReply1

BlueberryStakingMachine

· 07-12 00:16

This data is kind of interesting—the dollar fell, but the coin didn’t. That suggests the leverage multiple is actually rising passively. The next round of volatility could be off the charts.

View OriginalReply1

EchoesOfMistValley

· 07-12 00:16

The second-largest OI in history, denominated in dollars, has fallen sharply, but the position in coin terms is still positive. What does that mean? It means the shorts haven’t fully cleared the trapped chips at high levels yet, and they’re waiting for a violent spike.

View OriginalReply1

Trending Topics
View More
#
EventContractsLive
74.59K Popularity
#
TrumpAgreesToClarityEthicsClause
6.15M Popularity
#
GUSDYieldRisesto3.8%
156.74K Popularity
#
SummerCreationCamp
1.19M Popularity
#
BTCBreaks66000
7.91M Popularity

Pinned

Sitemap

$BTC Update Weekly

Trending Topics

EventContractsLive

TrumpAgreesToClarityEthicsClause

GUSDYieldRisesto3.8%

SummerCreationCamp

BTCBreaks66000

Pinned