The post Bitcoin open interest hits six-month low amid market slowdown appeared on BitcoinEthereumNews.com.

The BTC derivative market is cooling down further, with open interest sliding to a six-month low. Traders are wary after a series of large-scale liquidations, with an outflow of long positions.  BTC derivative trading is slowing down, showing the effect of unwinding long positions. Open interest slides further, after the market wiped out the accumulated long positions over a six-month period.  BTC open interest declined on all exchanges, but Binance kept its primacy. CME open interest fell to levels not seen since April 2025. | Source: CoinGlass. BTC open interest is down to $30B on crypto-insider exchanges, with an additional $11B on CME. At the peak ahead of the October 10 liquidation, CME held more than $18B in open interest, while Binance posted over $16B in open positions.  The futures outflow shows the disparity between smaller exchanges, CME, and Binance. Previously hot markets shed open interest faster, while Binance still retained its top position. The low open interest coincides with a period of extreme fear, based on the Bitcoin fear and greed index. The index moved up to 19 points, from a recent low of 11 points. Fearful trading means a lower probability of taking up long positions.  BTC open interest is closely watched with a sign of shifting sentiment. An accumulation of long positions and a rapid spike in OI may signal a sense that BTC has reached its local bottom. However, the past few episodes of rebuilding long open interest led to renewed liquidations. BTC open interest remains cautious on long positions  The outflow of long positions suggests BTC has lost its long-term conviction for a bullish direction. Long positions were liquidated, but some were closed as funding rates turned negative.  Most of the remaining whales on Hyperliquid with long positions are paying significant fees. The derivative market…

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Filed under: News - @ November 24, 2025 10:23 am