A little less agitation that can be expected? Term of contract market (future) on Bitcoin (BTC) and further Ethereum (Eth) experienced and decline open interest (Open interest). This reduction could indicate ‘ Eradication “Hazardous influencewhile Speculative positions are liquidated by hundreds of millions of dollars In recent days.
- The term Bitcoin and Ethereum contracting market was shocked by a significant reduction in open interest: almost $ 1.4 billion has been closed in recent days.
- This decline could stabilize the market by reducing excessive speculative activity, especially as gap The determination was also fulfilled on CME BTC contracts.
Nearly $ 1.4 billion in closed speculative positions on Bitcoins and Ethereum
According to the recent publication OXAlex AdlerAnalyst in Cryptoier, a total of approximately $ 1.37 billion posts on term contracts Bitcoin underEthereum were closed. The shopping position (Long) and sellers (Shorts) Everyone confused.
These are contracts in detail future onEthn who saw (by small) the largest decline $ 700 million Fewer positions. Term contracts on BTC disappeared from 688 million USD.
“L ‘Open interest (Open interest) has declined significantly in terms of bitcoins and ethereum agreements, reflecting changes in the feeling of investors and speculative levels of activity. (…) A total of $ 1.368 billion have been closed on both financial instruments. Partial market resetting has just taken place. »»
Alex Adler, cryptocurrency analyst (account x @AXLadlerjr)
A gap of $ 76,700 is filled in, the new “loving” gap is now around $ 85,000
This decreaseOpen interest Could therefore stabilize market in Reducing excessive speculative activity. In fact Eradication (Literally, leaching) influence Reduces a riskCascade For liquidation position.
Other good news, according to Christopher Jaszczynskico -founder MMCONSult cited by block, ” CME gap He was filled at Bitcoin. This gap (gap) on the term contracts CME (Mercantile Chicago Exchange) was filled When their price is future fell on 76 700 $.
This gap has existed since 5th November 2024it means just before Stunning victory of Donald Trumpcandidate ” Pro-crito », In the US presidential election. However another gap Unfulfilled it is not filled Between $ 84,200 and $ 85,900. This gap could attract the attention of players on the market and act as a magnetattracting the price of BTC to “fill” and at the same time serve as temporary support (ie prices should not fall No much lowerEven if they don’t rise not much higher or).
By the conclusion, a decline in open interest On the term contract of bitcoin and etherreum, combined Technical factors as gaps CME gapsindicates a Settings on the market of cryptocurrencies. Investors will have to watch these indicators carefully to predict future movements, even if Volatility should logically calm down in the near future.