Bitcoin (BTC) is worth the amount controlled by the 90 days of open interest, the total USD of all futures and contracts that have so far been unstable. Amidst an increasing number of fear feelings, the Bitcoin (BTC) market has entered the “dellervalery” phase.
Open interest drop on Bitcoin (BTC). Bull opportunity?
The 90-day open interest in Bitcoin (BTC), the biggest cryptocurrency, believes its dynamics have become negative. This means fewer traders will make their leverage position unstable.
The BTC market is undergoing delaveraging
“This chart highlights this reset phase by identifying moments when the 90-day change in open interest became negative. Historically, such past delaboration provided short-term opportunities in the medium term.” – @darkfost_coc pic.twitter.com/8vrh2ovatd
– cryptoquant.com (@cryptoquant_com) March 17, 2025
Recently, Bitcoin’s 90-day OI has dropped from $33.6 billion to $23.1 billion, losing 31.2% from its peak volume. This is a sliking indicator that Bitcoiners (BTC), especially futures traders, are becoming increasingly cautious.
As crypto experts have noticed, such a “cooldown” phase often unlocks trader opportunities. Historically, every stage of DelaveRaging has opened good short- and medium-term opportunities for Bitcoiner around the world.
The last major delavage event took place in the US in January 2024, before the recession of 2022-Q1 and 2023 Q1.
At the time of printing, Bitcoin’s open interest on major exchanges continues to fall free.
Crypto Market Fears Again Accused
Bitcoin (BTC), the largest cryptocurrency, has changed hands at $83,300, up 0.28% over the past 24 hours. Additionally, in the past 24 hours, daily trading volumes of BTC/USDT pairs have almost doubled in major CEXES.
However, pessimism generally remains dominant over the cryptocurrency market. The code’s fear and greedy index has decreased to 32/100, which is equivalent to the “fear” zone.
The market may be tense ahead of the FOMC meeting on March 18-19, as new financial decisions could be made.
