The open interest of Bitcoin is 17 % disrupted while moving whales – the next opposite?
Bitcoin continues to face the declining pressure on the market, as the cryptocurrency fell to less than 80,000 dollars on Sunday for the first time since last year.
Despite the recovery of 4.1 % in the past 24 hours, as it returned it to $ 79,825, Bitcoin is still 26 % of its highest level ever for more than $ 109,000 registered in January 2025. Market morale is still mixed, as investors weigh data on the chain, short -term fluctuations, and the broader total economic environment.
Bitcoin’s open attention reflects cautious feelings
Bitcoin’s open interest scale revealed a cautious behavior among the traders who have been used. Marton encrypted analyst I mentioned 17.8 % decrease in Bitcoin open interest last week.
This decrease represents a significant decrease in the number of derivative contracts due and the investor frequency may reflect after the last price fluctuation.
Historically, these sharp declines occurred in open attention before the main highlands fall into the market, as the speculative leverage is expelled outside the system.
By reset the leverage, market participants may start re -entering, especially if prices find a strong support level or if the additional momentum of the additional whale is renewed.
The open interest bitcoin -17.8 % decreased
This is over the past 7 days – shed billions in the leverage.
Over the past two years, these often determine the elimination of the main opportunities for purchase. pic.twitter.com/wxixsr7nz
– Maartunn (Ja_MaARTUN) April 8, 2025
Accumulation trends indicate long -term confidence
Meanwhile, there was a noticeable trend in the behavior of the bearers and whales in the long run. According to the series Data Cryptoquant oncained shared, a large number of accumulated headlines continued to buy Bitcoin strongly even as the assets rise to new levels.
The achieved value of this group increased from about 20 billion dollars in 2023 to $ 160 billion in 2025, with the number of these entities increased from about 800,000 to 3 million BTC.
This trend indicates that instead of declining during price increases, adult holders have greatly accelerated purchase efforts, indicating a high level of condemnation. The analyst’s books:
This indicates that the average acquisition price for all bitcoin currencies for the accumulation of headlines has increased significantly, however accumulation accelerated instead of slowing down. Strong evidence of increased condemnation regardless of price increases.
Onchained also pointed out that there is a medium gap between retail and the achieved whale, which indicates the increasing role of high capital investors in the market dynamics.
This whale wallet, which is usually less interactive in short -term market fluctuations, continues to remove BTC from blood circulation, a pattern that may contribute to future supply restrictions.
Onchained analysis also highlights three main effects: increasing pressure from the width side with BTC inactive inactive portfolios, strong condemnation of all market holders, and the possibility of future shocks with long -term accumulation.
A distinctive image created with Dall-E, the tradingView chart
