Bitcoin open interest decreased from an all-time high of $71.85 billion on Dec. 18, 2024, to $60.47 billion, a decline of roughly 16%. Bitcoin’s price holds near $96,300 within a monthly range spanning a low of $91,300 to a high of $100,000.
Recent Coinglass data indicates a shift in positions across multiple platforms. For instance, Binance’s open interest dropped from $13.27 billion to $11.11 billion, while CME’s figures fell from $22.71 billion to $16.1 billion.
Bitcoin Open Interest (Source: Coinglass)Liquidation levels currently show about $100 million in potential liquidations, around $93,000, providing support, and roughly $150 million, around $97,000, which could act as resistance.
Bitcoin liquidation levels (Source: Coinglass)A breach of these levels may intensify downward pressure if support fails or, conversely, trigger a mild short squeeze if resistance leads to forced short-covering.
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