According to ChainCatcher, Vetle Lunde, Research Director at K33 Research, analyzed that over the past seven days, the combined open interest of BTC on CME and perpetual contracts decreased by 49,000 BTC—the largest weekly decline since October 2025. During this period, market volatility remained low and funding rates continued to decline. Unlike previous significant liquidations that were accompanied by forced liquidations, this round of deleveraging more closely resembles active profit-taking, with overall market sentiment trending toward rationality.
BTC open interest drops by 49,000 over 7 days as profit-taking replaces liquidations
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Summary
BTC open interest fell by 49,000 over the past seven days, the largest weekly decline since October 2025, according to ChainCatcher. K33 Research’s Vetle Lunde noted that the decline occurred amid low volatility and falling interest rates. This time, the drop was driven by profit-taking rather than forced liquidations, indicating a more measured market sentiment.
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