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.
Open Interest just told the whole story.
As $BTC pushed toward $120K+, OI exploded past $45B.
Leverage piled in. Confidence peaked.
Then price rolled over… and OI collapsed with it.
That wasn’t just a pullback.
That was a full leverage flush.
Now OI sits near $30B while price trades around mid-$80Ks.
Less leverage.
Cleaner structure.
Fuel resetting.
The next real move won’t come from hype —
It’ll come from positioning.
Smart money watches OI. 👀
#Bitcoin #BTC #Crypto #OpenInterest #Derivatives