• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Time Is Running Out to Accumulate Bitcoin at These Levels

    2025-07-09

    Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

    2025-07-09

    Don’t Miss These Bullish Events That Will Help Bitcoin

    2025-07-08
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bitcoin: Can rising open interest spell trouble for BTC investors 
Bitcoin

Bitcoin: Can rising open interest spell trouble for BTC investors 

2024-01-03No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

  • BTC’s price rallied by over 6% last week, but its daily chart turned red.
  • A few datasets suggested selling pressure on Bitcoin was high.

After a week-long rally, Bitcoin’s [BTC] price action turned sluggish as it dropped marginally over the last 24 hours. This happened at a time when one of the key metrics registered a sharp increase, indicating a further price plummet in the days to follow.

Bitcoin’s price to crash again?

The king of cryptos had a promising start to the new year as its price surfed by more than 6% in the last seven days. But the gaining spree came to an end in the recent past as its price dropped marginally.

According to CoinMarketCap, BTC was down by 0.11% in the last 24 hours. At the time of writing, BTC was trading at $45,161.20 with a market capitalization of over $884 billion.

While that happened, a key BTC metric registered consistent upticks. Ali, a popular crypto analyst, recently pointed out in a tweet how Bitcoin’s open interest was rising.

With #Bitcoin‘s Open Interest nearing $11.5 billion, the market may be entering a crowded trade zone.

This surge in open interest, while indicating increased $BTC trading activity, could also signal market volatility. Going long #BTC now bears risks, especially if the market… pic.twitter.com/kgzxhhnaCb

— Ali (@ali_charts) January 2, 2024

Although the spike in open interest suggests more BTC trading activity, it may also be a hint of volatility in the market. Therefore, AMBCrypto took a closer look at Bitcoin’s current state to better understand whether a price correction was on its way.

See also  Bitcoin (BTC) Price Prediction 2025-2030: Will BTC succumb to bearish pressure

AMBCrypto reported earlier that the number of BTC investors in losses was higher than the number of investors in profits, which already raised alarms. Upon a check on CryptoQuant’s data, we found that selling pressure on BTC was increasing as its exchange reserve rose.

The coin’s aSORP was red, meaning that more investors were selling their holdings at a profit. In the middle of a bull market, this typically signals a market top.

Additionally, Bitcoin’s Net Unrealized Profit and Loss (NULP) indicated that investors were in a “belief” phase where they were in a state of high unrealized profits.

Source: CryptoQuant

However, AMBCrypto’s look at Santiment’s data revealed a different story.

BTC’s supply on exchange continued to decline while its supply outside of exchanges increased. This suggested that buying pressure on the coin was high. Positive sentiment around BTC was also high, reflecting investors’ confidence in the king of cryptos. 

Source: Santiment


Read Bitcoin’s [BTC] Price Prediction 2023-24


What market indicators suggest

AMBCrypto then planned to have a look at BTC’s daily chart to see what key market indicators had to say. The MACD displayed a bullish crossover.

Bitcoin’s Relative Strength Index (RSI) also maintained its upward movement, increasing the chances of a price uptick in the coming days. However, a bearish indicator was BTC’s Chaikin Money Flow (CMF), as it took a southward path in the last few days.

Source: TradingView

Bitcoin BTC Interest investors open Rising Spell Trouble
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How To Mine Bitcoin At Home

2025-07-10

Time Is Running Out to Accumulate Bitcoin at These Levels

2025-07-09

Don’t Miss These Bullish Events That Will Help Bitcoin

2025-07-08

Scam targets dormant Bitcoin wallets with fake legal notice

2025-07-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Lido NFTs Axed from Nansen’s Service After Mint Volume Mishap

2023-05-23

NFT Blockchain analytics platform Nansen has announced the removal of Lido NFTs from its NFT…

Regulation

US accounting watchdog warns investors about proof-of-reserves reports

2023-03-10

The Public Company Accounting Oversight Board (PCAOB) — a watchdog that oversees audits of public…

Videos

💰 Billionaire Mindset + Retire on Cocktail Update 🍸

2025-01-16

Bitcoin #Tesla #BillionaireMindset #RetireOnCocktail #2032 $SOL $MSTR #Sortino #Allocations JOIN THE FAMILY: …

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

What Is Copy Trading in Crypto? A Beginner’s Guide

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,748.55
ethereum
Ethereum (ETH) $ 2,965.63
xrp
XRP (XRP) $ 2.76
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 693.52
solana
Solana (SOL) $ 163.06
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.201029
tron
TRON (TRX) $ 0.304802
staked-ether
Lido Staked Ether (STETH) $ 2,964.11
bitcoin
Bitcoin (BTC) $ 117,748.55
ethereum
Ethereum (ETH) $ 2,965.63
xrp
XRP (XRP) $ 2.76
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 693.52
solana
Solana (SOL) $ 163.06
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.201029
tron
TRON (TRX) $ 0.304802
staked-ether
Lido Staked Ether (STETH) $ 2,964.11