According to Miles Deutscher, $BTC dominance of total open interest has been increasing since December, indicating that speculative capital is currently favoring Bitcoin over altcoins, reflecting a risk-off sentiment in the market.

According to Miles Deutscher, Bitcoin's open interest has surged by $2.6 billion in the last 24 hours, as traders speculate on the outcomes of the upcoming White House crypto summit. This significant increase in open interest is expected to lead to heightened market volatility, with a potential flush of positions post-event, regardless of whether they are long or short.

According to Miles Deutscher, the ETH CME open interest remains at high levels despite a decrease in both price and funding rates. This indicates sustained trader interest and possibly expectations of future price movements, as the open interest reflects the total number of outstanding derivative contracts. Such resilience in open interest could suggest that traders are positioned for potential volatility or are hedging against future price shifts, maintaining their positions regardless of short-term market fluctuations.

According to Miles Deutscher, the amount of Bitcoin ($BTC) held in CME open interest has decreased to levels seen before the recent election. This reduction is attributed to the unwinding of the basis trade, which has contributed to a reset in the total leverage within the system. This development indicates a potential stabilization in trading dynamics, which could affect traders' strategies around leverage and risk management.

According to @ki_young_ju, JJCMoreno's Bybit Dashboard provides crucial trading insights, highlighting significant metrics such as open interest, trading volumes, and funding rates. These metrics are vital for traders to assess market trends and make informed decisions.

According to @ThinkingUSD, there is a notable increase in open interest (OI) that might be attributed to Citadel's purchasing and hedging of spot inventory. This rise in OI suggests potential strategic trading activities by Citadel, which could impact market liquidity and price movements. Traders should monitor this development closely for potential shifts in market dynamics.

According to Skew Δ, Ethereum's open interest (OI) is currently at $562 million, similar to Bitcoin but with less dramatic funding and perpetual pricing imbalance. Bitcoin's OI on Bybit stands at $5.5 billion compared to Ethereum's $2.25 billion, indicating less potential for extreme market movements in Ethereum.

According to Skew Δ, there is a notable purge in open interest (OI) across most pairs on Bybit, with BTCUSDT experiencing a reduction of 12,000 BTC in OI. During such market disruptions, funding rates and perpetual contract pricing often undergo adjustments, typically stabilizing later. Source: Skew Δ.

According to Miles Deutscher, Bitcoin's open interest has surged by 7.2%, approximately $2.4 billion, within the past 24 hours. This increase is driven by leveraged long positions, which could lead to volatility on lower timeframes if spot buyers lose momentum.

According to @glassnode, futures markets are experiencing a notable cooling trend, with a significant reduction in open interest (OI) across major cryptocurrencies. Over the last 30 days, Bitcoin (BTC) OI decreased by 11.1%, Ethereum (ETH) OI dropped by 23.8%, Solana (SOL) OI fell by 6.2%, and meme coins experienced a massive 52.1% decline in OI. This trend indicates a potential reduction in leveraged trading activities, which is crucial for traders to consider when assessing market conditions.

According to Material Indicators (@MI_Algos), the current Bitcoin market trend could be categorized as either a relief rally or a short squeeze. The analysis emphasizes the importance of observing trading volumes and open interest to differentiate between these scenarios. A relief rally often accompanies increased buying interest following a price decline, while a short squeeze occurs when short sellers are forced to cover positions, driving prices up further. The data suggests monitoring these metrics closely for trading decisions.

According to Miles Deutscher, the total open interest for altcoins, excluding Bitcoin and Ethereum, has decreased by 50% from December highs. Despite this decline, current levels remain above pre-election figures and would require another 50% drop to reach September lows. This suggests that significant leverage could still be unwound over the coming months (source: Miles Deutscher).

According to glassnode, both $SHIB and $FLOKI have experienced steep declines in open interest, with SHIB's OI dropping by 74.41% from $323M to $83M, and FLOKI's OI decreasing by 69.18% from $41.7M to $12.9M. This sharp correction across memecoins suggests a potential leverage flush out, indicating traders should be cautious of volatility and possible shifts in market sentiment.

According to @glassnode, memecoins PEPE, BONK, and WIF have experienced significant deleveraging with PEPE reducing by 71.93% from $1.25B to $351M, BONK by 75.10% from $715M to $178M, and WIF by 69.83% from $653M to $197M. The open interest (OI) in these assets has cooled off following previous speculative peaks, indicating a substantial reduction in leveraged positions.

According to Michaël van de Poppe, the cryptocurrency market recently witnessed the largest liquidation event ever for Bitcoin and Altcoins, alongside a significant collapse in open interest. This indicates heightened market volatility and potential opportunities for traders to capitalize on future price movements. Traders should pay close attention to how these liquidations impact the DeFi sector, as it remains a crucial component of future financial systems.

According to Flood (@ThinkingUSD), Hyperliquid has surpassed Binance in open interest for the BERAPERP contract, with $62.7 million compared to Binance's $57.1 million. This marks a significant shift as Binance is typically the leading exchange in open interest on new launches. Traders should monitor this development for potential impacts on market dynamics and liquidity distribution.

According to Greeks.live, the recent options activity indicates a significant increase in volatility expectations for Bitcoin. The data shows a substantial rise in open interest for both call and put options, suggesting traders are positioning for large price movements. This activity is essential for traders as it signals potential shifts in market sentiment and volatility that could impact trading strategies. (Source: Greeks.live)

According to Greeks.live, the Bitcoin options market is experiencing a surge in open interest, particularly in call options, which suggests bullish sentiment among traders. This trend is supported by increased trading volumes and a rise in implied volatility, indicating potential price movements. These factors are critical for traders considering entry points and risk management strategies. Source: Greeks.live.

According to Greeks.live, the Bitcoin options market is witnessing a significant increase in trading volume, which may indicate heightened volatility and potential trading opportunities. The data shared suggests a notable rise in open interest and volume, which often precedes market movements. Traders are advised to consider these metrics when planning their strategies, as they can signal future price fluctuations. This information underscores the importance of monitoring options metrics for informed trading decisions.

According to @ai_9684xtpa, on January 6, 2025, a detailed analysis of liquidation prices across various cryptocurrency trading pairs was shared, providing insights into potential market movements and risk assessment for traders.