Vetle Lunde (@VetleLunde), Research Director at K33 Research, analyzed that the combined open interest of BTC on CME and perpetual contracts decreased by 49,000 BTC over the past seven days—the largest weekly decline since October 2025—during a period of low market volatility and continuously declining funding rates. Unlike previous large-scale de-leveraging events that were accompanied by forced liquidations, this round of de-leveraging more closely resembles active profit-taking, with overall market sentiment trending toward rationality.
BTC derivatives market sees rare reset; open interest drops by 49,000 over 7 days
TechFlowShare
Summary
Bitcoin derivatives open interest declined by 49,000 over the past week, according to K33 Research, marking the largest weekly drop since October 2025. Funding rates and volatility both decreased during this period. Traders are actively reducing positions, likely to lock in profits. Interest rates remain a key factor influencing market behavior. This movement reflects a more cautious stance rather than panic-driven liquidations.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.