24/7 Cryptocurrency News

Big Bitcoin (BTC) Move Almost Certain, Futures Data Indicates

Data on current Bitcoin futures scenario suggests the crypto traders are seeking to protect risks associated with the volatile crypto market.
Published by
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.

Advertisement

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!”

Advertisement

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.

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025