• bitcoinBitcoin (BTC) $ 85,217.00
  • ethereumEthereum (ETH) $ 1,597.10
  • tetherTether (USDT) $ 0.999958
  • xrpXRP (XRP) $ 2.08
  • bnbBNB (BNB) $ 590.57
  • solanaSolana (SOL) $ 139.25
  • usd-coinUSDC (USDC) $ 0.999986
  • dogecoinDogecoin (DOGE) $ 0.157990
  • tronTRON (TRX) $ 0.241833
  • cardanoCardano (ADA) $ 0.626788
  • staked-etherLido Staked Ether (STETH) $ 1,595.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 85,230.00
  • leo-tokenLEO Token (LEO) $ 9.36
  • chainlinkChainlink (LINK) $ 12.77
  • avalanche-2Avalanche (AVAX) $ 19.53
  • stellarStellar (XLM) $ 0.246506
  • the-open-networkToncoin (TON) $ 2.98
  • usdsUSDS (USDS) $ 0.999932
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.166105
  • suiSui (SUI) $ 2.14
  • wrapped-stethWrapped stETH (WSTETH) $ 1,914.62
  • bitcoin-cashBitcoin Cash (BCH) $ 337.80
  • hyperliquidHyperliquid (HYPE) $ 18.04
  • litecoinLitecoin (LTC) $ 75.99
  • polkadotPolkadot (DOT) $ 3.73
  • bitget-tokenBitget Token (BGB) $ 4.46
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999499
  • ethena-usdeEthena USDe (USDE) $ 0.999226
  • pi-networkPi Network (PI) $ 0.644762
  • wethWETH (WETH) $ 1,596.33
  • whitebitWhiteBIT Coin (WBT) $ 28.03
  • moneroMonero (XMR) $ 215.34
  • wrapped-eethWrapped eETH (WEETH) $ 1,700.56
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 85,277.00
  • daiDai (DAI) $ 1.00
  • uniswapUniswap (UNI) $ 5.26
  • okbOKB (OKB) $ 50.80
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.78
  • gatechain-tokenGate (GT) $ 22.59
  • ondo-financeOndo (ONDO) $ 0.839851
  • nearNEAR Protocol (NEAR) $ 2.10
  • susdssUSDS (SUSDS) $ 1.05
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.11
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 15.75
  • bittensorBittensor (TAO) $ 275.46
  • internet-computerInternet Computer (ICP) $ 4.81
  • crypto-com-chainCronos (CRO) $ 0.084076
  • mantleMantle (MNT) $ 0.661825
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • aaveAave (AAVE) $ 138.75
  • render-tokenRender (RENDER) $ 3.99
  • kaspaKaspa (KAS) $ 0.077161
  • vechainVeChain (VET) $ 0.023276
  • cosmosCosmos Hub (ATOM) $ 4.16
  • fasttokenFasttoken (FTN) $ 4.23
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 85,072.00
  • official-trumpOfficial Trump (TRUMP) $ 8.47
  • algorandAlgorand (ALGO) $ 0.192296
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.189450
  • filecoinFilecoin (FIL) $ 2.50
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999020
  • ethenaEthena (ENA) $ 0.281304
  • sonic-3Sonic (prev. FTM) (S) $ 0.465604
  • celestiaCelestia (TIA) $ 2.38
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.90
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.533457
  • arbitrumArbitrum (ARB) $ 0.292421
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 85,259.00
  • kucoin-sharesKuCoin (KCS) $ 9.96
  • binance-staked-solBinance Staked SOL (BNSOL) $ 145.44
  • makerMaker (MKR) $ 1,356.55
  • xdce-crowd-saleXDC Network (XDC) $ 0.071318
  • optimismOptimism (OP) $ 0.670969
  • jupiter-exchange-solanaJupiter (JUP) $ 0.385947
  • story-2Story (IP) $ 3.90
  • flare-networksFlare (FLR) $ 0.016506
  • nexoNEXO (NEXO) $ 1.02
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,596.93
  • eosEOS (EOS) $ 0.622051
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,662.32
  • bonkBonk (BONK) $ 0.000012
  • quant-networkQuant (QNT) $ 64.15
  • blockstackStacks (STX) $ 0.604695
  • usdt0USDT0 (USDT0) $ 1.00
  • worldcoin-wldWorldcoin (WLD) $ 0.720783
  • sei-networkSei (SEI) $ 0.170610
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999799
  • immutable-xImmutable (IMX) $ 0.464828
  • tether-goldTether Gold (XAUT) $ 3,344.69
  • dexeDeXe (DEXE) $ 14.40
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999924
  • curve-dao-tokenCurve DAO (CRV) $ 0.611634
  • injective-protocolInjective (INJ) $ 8.22
  • fartcoinFartcoin (FARTCOIN) $ 0.781810
  • the-graphThe Graph (GRT) $ 0.080936
  • pax-goldPAX Gold (PAXG) $ 3,345.96
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,797.05
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 83,741.00
  • wbnbWrapped BNB (WBNB) $ 590.44
  • jasmycoinJasmyCoin (JASMY) $ 0.014638
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,167.00
  • usual-usdUsual USD (USD0) $ 0.997773
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 153.61
  • coredaoorgCore (CORE) $ 0.675225
  • theta-tokenTheta Network (THETA) $ 0.669984
  • raydiumRaydium (RAY) $ 2.24
  • galaGALA (GALA) $ 0.014761
  • msolMarinade Staked SOL (MSOL) $ 179.12
  • the-sandboxThe Sandbox (SAND) $ 0.263669
  • lido-daoLido DAO (LDO) $ 0.696151
  • heliumHelium (HNT) $ 3.48
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998981
  • chain-2Onyxcoin (XCN) $ 0.018690
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,697.61
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • iotaIOTA (IOTA) $ 0.161720
  • mantra-daoMANTRA (OM) $ 0.624238
  • movementMovement (MOVE) $ 0.240249
  • kaiaKaia (KAIA) $ 0.100341
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • flowFlow (FLOW) $ 0.367680
  • bitcoin-svBitcoin SV (BSV) $ 28.68
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.91
  • flokiFLOKI (FLOKI) $ 0.000057
  • walrus-2Walrus (WAL) $ 0.423524
  • jito-governance-tokenJito (JTO) $ 1.65
  • decentralandDecentraland (MANA) $ 0.279685
  • tezosTezos (XTZ) $ 0.501564
  • zcashZcash (ZEC) $ 31.53
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,669.87
  • pendlePendle (PENDLE) $ 3.11
  • pyth-networkPyth Network (PYTH) $ 0.138267
  • clbtcclBTC (CLBTC) $ 85,045.00
  • true-usdTrueUSD (TUSD) $ 0.998181
  • beldexBeldex (BDX) $ 0.067484
  • pumpbtcpumpBTC (PUMPBTC) $ 83,060.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.29
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999958
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999958
  • grassGrass (GRASS) $ 1.66
  • kavaKava (KAVA) $ 0.419707
  • solayerSolayer (LAYER) $ 2.15
  • dydx-chaindYdX (DYDX) $ 0.581457
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 85,214.00
  • ubtcuBTC (UBTC) $ 83,087.00
  • apenftAPENFT (NFT) $ 0.00000042
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007241
  • spx6900SPX6900 (SPX) $ 0.438761
  • dogwifcoindogwifhat (WIF) $ 0.406912
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • telcoinTelcoin (TEL) $ 0.004428
  • usdbUSDB (USDB) $ 0.999181
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.158012
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,666.57
  • thorchainTHORChain (RUNE) $ 1.15
  • ecasheCash (XEC) $ 0.000020
  • elrond-erd-2MultiversX (EGLD) $ 14.13
  • ousgOUSG (OUSG) $ 110.75
  • neoNEO (NEO) $ 5.56
  • tbtctBTC (TBTC) $ 85,077.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,697.87
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,595.71
  • berachain-beraBerachain (BERA) $ 3.42
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.568263
  • olympusOlympus (OHM) $ 22.64
  • axie-infinityAxie Infinity (AXS) $ 2.28
  • starknetStarknet (STRK) $ 0.124791
  • resolv-usrResolv USR (USR) $ 0.999425
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,597.44
  • based-brettBrett (BRETT) $ 0.035893
  • chilizChiliz (CHZ) $ 0.037225
  • compound-governance-tokenCompound (COMP) $ 39.71
  • apecoinApeCoin (APE) $ 0.443106
  • arweaveArweave (AR) $ 5.40
  • conflux-tokenConflux (CFX) $ 0.068828
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.996497
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,597.06
  • super-oethSuper OETH (SUPEROETHB) $ 1,597.19
  • usddUSDD (USDD) $ 0.999952
  • saros-financeSaros (SAROS) $ 0.127124
  • wormholeWormhole (W) $ 0.073136
  • matic-networkPolygon (MATIC) $ 0.189474
  • plumePlume (PLUME) $ 0.164114
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000060
  • beam-2Beam (BEAM) $ 0.006168
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.996987
  • fraxFrax (FRAX) $ 0.999779
  • sun-tokenSun Token (SUN) $ 0.016577
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.760655
  • aioz-networkAIOZ Network (AIOZ) $ 0.271235
  • aerodrome-financeAerodrome Finance (AERO) $ 0.388864
  • roninRonin (RON) $ 0.494370
  • justJUST (JST) $ 0.030734
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.004804
  • amp-tokenAmp (AMP) $ 0.003538
  • honey-3Honey (HONEY) $ 0.999701

Bitcoin open interest plunges 43% to $24.5B since ATH

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Bitcoin open interest plunges 43% to $24.5B since ATH

Open interest in Bitcoin has dropped 35% from its all-time high, meaning less hedging and speculative trading.

Open interest, which tracks the total number of outstanding derivative contracts at any time, declined from $57 billion when BTC hit its ATH to $24.5 billion today. This means that market movers are closing out uncertainty or unwinding leverage.

The digital asset is now attempting to regain momentum after recent selling pressure. Despite hitting an ATH of over $109,000 in January, Bitcoin has struggled to reclaim the $90,000 level.

Bitcoin struggles to regain important price levels

Bitcoin has been attempting to break above the $90,000 resistance level for the last two weeks. This follows its failure to remain upward after hitting its all-time high.

This put downward pressure on BTC, igniting speculation on whether the most recent bull run was complete or if a second rally could see it soar higher than ever.

According to on-chain data provider Glassnode, this fall in open interest comes amid an overall trend of falling on-chain liquidity.

The unwinding of long-side bias from cash-and-carry trade, where traders make money on the difference between spot and futures prices, has also contributed to downward pressure.

Adding to the strain, the Bitcoin exchange-traded funds (ETFs) are also under pressure and recorded outflows, while some CME futures contracts are terminating, which further pressures the price of Bitcoin.

Another notable shift is the decline in BTC’s “Hot Supply”—coins held for one week or less. In the last three months, the hot supply dropped from 5.9% of Bitcoin’s circulating supply to a mere 2.8%, a decline of more than 50%. This suggests fewer newly acquired Bitcoins are being actively traded, reducing market liquidity.

Bitcoin exchange inflows have also dramatically declined, going from 58,600 BTC / day to 26,900 BTC / day — a 54% decrease. While that may signal less selling pressure, it also means that demand is weaker, as fewer coins are being sent to exchanges to be traded.

Bitcoin prepares to test crucial support levels

BTC is currently trading at $84,001, holding above the important support at $85,000. Industry analyst “Unknown Trader” stressed that the Bitcoin uptrend is only intact above this level, and BTC only closed recently.

Additionally, the asset remains above the 200-day moving average, a historically bullish indicator for long-term price momentum.

BTC is back up to the retest of around $85,000 again. If it soars, analysts anticipate a move to the resistance zone of $90,500–$92,441. Yet, this solid rejection level can keep fine-tuning a swoop back up until another retest at $85,000.

CryptoQuant analyst Woominkyu, for his part, reported potential institutional accumulation. He pointed out how the 30-day EMA of the Coinbase Premium Index is struggling to cross above the one-hundred-day EMA.

This crossover happened before BTC’s price rallies typically; therefore, institutional players could be accumulating Bitcoin. As institutional demand continues to pour in, BTC’s price could still rise, prolonging this bull market instead of signalling its top.

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