Big Bitcoin (BTC) Move Almost Certain, Futures Data Indicates
In a move that indicates traders are seeking protection from risks, there is a huge Bitcoin futures activity currently. This is understandable in the current scenario as the volatility is quite high in the macro scene. However, it appears that there is a heightened sense of protection from potential risks from the crypto market. Meanwhile, Bitcoin (BTC) price continues to be stagnant around the $19,000 range despite a bear market situation.
Bitcoin Futures Open Interest Very High
The Bitcoin futures open interest is currently nearby its highest level. This means traders are extremely worried about their positions and hence want to secure assets against potential risks. According to crypto influencer Satoshi Stacker, the high open interest means people are preparing for a big Bitcoin move. This is despite very low volume of liquidations.
“Futures open interest is almost at its highest level. Open interest (OI) is the total number of futures contracts market participants hold at the end of the trading day. It means people are preparing for a big Bitcoin move!”
Long Term Holders Liquidating
Meanwhile, BTC price remains to be at a standstill between the $19,000 to $20,000 range. As of writing, BTC price stands at $19,231, up 1.49% in the last 24 hours, according to price tracking platform CoinMarketCap. Meanwhile, the long term holders have in recent times chose to liquidate crypto assets. According to Crypto Quant, the short term holders have stayed strong with their positions since June. However, it is the long term holders who have been bringing price down.
On the other side, miner profitability is decreasing as the difficulty is higher because of the increased hashrate. In cryptocurrencies, hashrate is the total computational power that is used by cryptocurrencies like Bitcoin to mine and process transactions. Currently, the Bitcoin hashrate is at its all time high, making it more difficult during the bear market.
- Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
