Bitcoin Futures Net Open Interest Hits Deep Negative Zone Amid $115,000 Price Resilience

On July 25, CryptoQuant analyst AXEL highlighted a significant shift in the futures market, noting that the net open interest (OI Net Position) has sharply declined into a pronounced negative territory, surpassing the $100 million threshold. This marks the most intense bearish pressure observed since early July. Despite this, Bitcoin’s valuation remains resilient near the $115,000 mark, suggesting that buying activity is effectively mitigating some of the selling pressure. This pronounced divergence in negative positioning may act as a trigger for potential short squeezes if the price continues to recover. However, with a substantial volume of contracts still entrenched in the peak bearish zone, the market retains a tangible risk of further downward movement, underscoring the need for cautious monitoring of futures dynamics.