Bitcoin Steadies Around $67,000 After $111M in Liquidations

Bitcoin (BTC) was trading close to $67,000 at publication, up 3.2%, as price resilience contrasted with still-depressed sentiment. The Crypto Fear & Greed Index stayed at 13, pointing to continued risk aversion even as BTC held firm—a sign that recent strength is being driven more by positioning than a broad improvement in mood. Derivatives positioning also looked contained. Open interest climbed 5.3% to $49.6 billion, while funding rates remained slightly positive, suggesting exposure is being added without aggressive overheating. Liquidations totaled about $111 million, yet the market avoided a knock-on unwind, indicating leverage conditions remained relatively stable. Volatility also stayed muted: Bitcoin’s DVOL read 47%, implying expectations of future movement rather than acute stress in the present. On-chain indicators point to limited sell pressure from longer-term holders. Coin Days Destroyed (CDD) was about 2.48 million, and average dormancy stood at 24 days, consistent with older coins staying inactive despite current conditions. With that supply remaining sidelined, spot demand has been absorbing available selling at a steady pace. Cumulative volume delta has turned more constructive and exchange flows appear balanced, helping dampen sharp swings. Binary CDD reinforces the picture. The metric was 0.14 at the time of writing, well below prior stress spikes of 0.71 and 0.42, suggesting long-term holders are not distributing into uncertainty. BTC also held near $67,000 even as oil prices reportedly swung from $141 to $109, highlighting macro turbulence without triggering notable internal selling. Overall, Bitcoin’s stability reflects measured leverage and consistent spot demand, with $49.6 billion in open interest underpinning price action near $67,000. With supply constrained and Binary CDD low, the setup remains tight—and a change in positioning or holder behavior could quickly translate into a volatility surge.