Bitcoin Open Interest Hits $130.790 B Ahead of Liquidation Wave — Coinglass

Coinglass reports that Binance recorded an 8000 BTC surge in open interest within a few hours. The total value of active market contracts reached $130.79 B. This trading surge coincided with extreme price volatility, causing heavy losses for margin traders.

Market indicators confirm heavy capital movement into derivative instruments. The total value of open interest grew by 2.39% during the reporting period. Analysts note that high open interest often signals impending volatility as contract density reaches a critical mass.

Bitcoin’s move to the $87 786 level triggered protective stop-orders. Total liquidations reached $209 M over the last 24 hours, a 240% increase from the previous day. Long positions bore the brunt as traders anticipated further upside.

Trading platforms currently show high uncertainty. The Crypto Fear and Greed Index fell to 25 points, reflecting a shift toward pessimistic sentiment as investors prepare for potential new lows.

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