{"id":5805,"date":"2025-07-25T13:50:59","date_gmt":"2025-07-25T13:50:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoins-open-interest-reaches-44b-all-time-high-as-btc-falls-below-116k\/"},"modified":"2025-07-25T13:51:07","modified_gmt":"2025-07-25T13:51:07","slug":"bitcoins-open-interest-reaches-44b-all-time-high-as-btc-falls-below-116k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoins-open-interest-reaches-44b-all-time-high-as-btc-falls-below-116k\/","title":{"rendered":"Bitcoin\u2019s open interest reaches $44B all-time high as BTC falls below $116K"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin fell to $115,002 on Thursday, slipping over 6% from its July 14 record peak as open interest surged to a new all-time high of $44.5 billion.<\/p>\n<div id=\"cn-block-summary-block_1d81db14aa566eb2e6ea61e658835f61\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin dropped to $115,002, down 6% from its July 14 all-time high.<\/li>\n<li>Open interest hit a new record of $44.5B, indicating increased leveraged trading during the decline.<\/li>\n<li>Binance\u2019s perpetual-spot spread turned positive, signaling long pressure despite price resistance near $120K.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As Bitcoin\u2019s (BTC) price retreats, traders continue to open new positions at record pace. According to an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/688322b9b99092361d5c73da\" target=\"_blank\">analysis<\/a> by CryptoQuant contributor Arab Chain, the sharp rise in open interest alongside a falling price indicates that speculators, many using leverage, are increasingly driving the market. This dynamic makes Bitcoin more vulnerable to volatility and liquidations if the trend suddenly shifts.<\/p>\n<p>Instead of long-term investors, such conditions often reflect an influx of short-term players looking to profit from short-term moves. With so much leverage now built in the system, there is a chance that any sudden price reversal could set off a series of liquidations.<\/p>\n<h2 class=\"wp-block-heading\">Longs build as Bitcoin perpetual prices outpace spot<\/h2>\n<p>At the same time, Binance data shows the price of Bitcoin perpetual contracts has risen above the spot market. This positive spread, as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68826efcb99092361d5c71ca-Binance-Perpetual-Spot-Spread-Turns-Positive-Long-Pressure-Intensifies-on-Bitcoi\" target=\"_blank\">noted<\/a> by CryptoQuant analyst BorisVest, suggests growing long-side pressure as traders bet on upside during intraday moves. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Earlier this week, Bitcoin briefly spiked from $116,000 to $120,000, triggering FOMO among retail traders who rushed to open long positions. However, this $120,000 level acted as resistance. Larger market participants used it to place sell orders, which pushed the price back down. <\/p>\n<p>This pattern indicates that traders are reacting swiftly to price changes and entering positions without waiting for definitive confirmation, even though funding rates are still close to neutral. As a result, the market is more susceptible to immediate responses.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin <strong>technical indicators point to weakening momentum<\/strong><\/h2>\n<p>On the daily chart, Bitcoin has slipped below the middle line of the 20-day Bollinger Bands, now at $116,305. The price is getting closer to the lower band at about $109,000, which may serve as temporary support. Further selling could be triggered by a clean break below this level.<\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14399855\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Bitcoin daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The relative strength index has fallen from recent highs to 52.58, indicating that the bullish momentum is waning. A deeper retracement toward $109,000 or lower is more likely if Bitcoin is unable to quickly recover the $116,000\u2013$117,000 range. <\/p>\n<p>On the upside, a recovery above $120,000 would indicate that buyers are taking back control and selling pressure is easing.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell to $115,002 on Thursday, slipping over 6% from its July 14 record peak as open interest surged to a new all-time high of $44.5 billion. Summary Bitcoin dropped&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5805"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5805\/revisions"}],"predecessor-version":[{"id":5806,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5805\/revisions\/5806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2787"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}