2026-01-15 06:22:10

#数字资产市场动态 The Bitcoin derivatives market has shown an interesting signal in the past three months — open interest has been continuously declining. According to data from on-chain analytics platforms, since October last year, open interest has dropped by 31%, which actually reflects the market gradually "deleveraging."

It may sound a bit dull, but the interesting part behind this is that historically, whenever such large-scale deleveraging occurs, it is often accompanied by significant shifts in market structure. Crypto analyst Darkfost pointed out that these adjustments usually mean the market is clearing excessive speculative positions, laying the groundwork for a subsequent rebound — in simple terms, resetting the market landscape.

Of course, things could also develop in the opposite direction. If $BTC continues to face downward pressure, open interest might further shrink, indicating that a deeper correction is still underway. So, at this moment, the market is oscillating between bottom formation and ongoing adjustment — the key will still be how the price performs next.

BTC-0.92%

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MEVHunterX

· 9h ago

Deleveraging by 31% sounds intimidating, but who knows if it's a bottom signal or just a continuation of the decline... Wait, is Darkfost's analysis reliable? I feel like every time they say clearing speculative positions is to prepare for a rebound, but the price still keeps falling... With such low contract open interest, is the opportunity to buy the dip here, or is it even more dangerous? I really can't understand. Hey, is this time really different? Wow, it's swinging again, and it's a critical moment... I just want to know whether it's a rebound or if the decline will continue.

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PrivacyMaximalist

· 9h ago

Can deleveraging really save the market this time? It still seems to depend on BTC's performance. --- A 31% drop in OI sounds pretty scary, but it doesn't seem that simple. --- Darkfost makes a good point, but I really want to know what institutions are doing right now. --- Is the bottom still going to fall further? Who knows, I’ve already cut my losses anyway. --- Deleveraging sounds nice, but honestly, it just means no one dares to buy the dip.

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BearMarketBro

· 10h ago

A 31% decline looks like deleveraging, but honestly, this might just be the big players shaking out their positions. Decreased OI ≠ bottom formation; it depends on how BTC moves next. Don't be fooled by these "signals." History repeats itself but is never the same. If we can rebound this time, it's a joke. If you ask me, the real opportunity is when everyone is desperate, not this half-dead state right now. Darkfost is right, but it doesn't really matter; the market still has to speak for itself.

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MetaverseMigrant

· 10h ago

Deleveraging by 31% sounds okay, but I'm worried it might be a false bottom that repeatedly hurts.

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