Bitcoin Futures Open Interest Drops 30% to 737,540 BTC (About $66.54B) per Coinglass Data

BTC

BTC/USDT

$80,686.00

+4.77%

$80,686.00

+4.77%

(24s)

24h Volume

$33,072,746,314.59

24h H/L

$81,272.62 / $76,670.01

Change: $4,602.61 (6.00%)

Long/Short

47.2%

Long: 47.2%Short: 52.8%

Funding Rate

+0.0046%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$80,656.41

▲ 2.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,657.12

Resistance 2$82,926.80

Resistance 1$80,848.19

Price$80,656.41

Support 1$78,568.57

Support 2$77,469.22

Support 3$75,249.24

Pivot (PP):$78,554.25

Trend:Uptrend

RSI (14):83.8

COINOTAG News reported on November 18 that, according to Coinglass data, the total open interest in Bitcoin futures stands at 737,540 BTC, equating to roughly $66.54 billion. This marks a decline of about 30% from the October 7 peak of $94.12 billion, indicating a cooling backdrop for BTC futures activity.

In traditional futures analysis, a retreat in open interest often signals easing market participation, diminishing liquidity, and softer speculative pressure, which in turn can compress near-term volatility and narrow funding rates for cryptocurrency derivatives.

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