Bitcoin Set for Year-End Bull Run as Open Interest in Futures Hits Historic Lows After Major Deleveraging, Tom Lee Says

In a CNBC interview, veteran crypto strategist Tom Lee described the October 11 deleveraging as a substantial market event, with tariffs and trade frictions cited as contributing factors. He noted that open interest on Bitcoin and Ethereum futures has retreated to historically low levels, a sign of cooling leverage. From a technical view, the setup allows for a cautious rebound as selling pressure eases.

Separately, market observers report that JPMorgan Chase is evaluating the possibility of accepting cryptocurrency as collateral in select deals, a move that could bolster market confidence and liquidity. While no policy shift is imminent, such discussions reflect a broader risk-management trend in institutional crypto exposure. Investors should monitor data on Bitcoin and Ethereum price action, macro cues, and regulatory clarity to gauge potential year-end sentiment shifts.