BREAKING
79d 2h ago

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

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

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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