Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analyst: Bitcoin Net Open Interest Turns Negative, Bearish Pressure Hits Monthly High

Analyst: Bitcoin Net Open Interest Turns Negative, Bearish Pressure Hits Monthly High

View original
金色财经金色财经2025/07/25 07:14

According to a report by Jinse Finance, CryptoQuant analyst Axel stated that Bitcoin futures net open interest (OI Net Position) has plummeted into deeply negative territory, falling below the $100 million mark and reaching the highest level of bearish pressure since early July. Despite the bearish pressure in the market, Bitcoin's price has remained around $115,000, indicating that some buying interest is absorbing the selling pressure. Axel noted that such an extreme negative position divergence could trigger a short squeeze during a price rebound. However, as long as open interest remains in this high-pressure range, there is still a risk of further price declines.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!