coin-img-XAUTXAUT+2.08%coin-img-PAXGPAXG+3.59%coin-img-ETHETH-1.12%coin-img-BTCBTC-0.30%coin-img-SOLSOL-0.55%coin-img-XRPXRP-2.32%coin-img-USDCUSDC-0.01%coin-img-ROBOROBO+0.56%coin-img-XAUTXAUT+2.08%coin-img-PAXGPAXG+3.59%coin-img-ETHETH-1.12%coin-img-BTCBTC-0.30%coin-img-SOLSOL-0.55%coin-img-XRPXRP-2.32%coin-img-USDCUSDC-0.01%coin-img-ROBOROBO+0.56%coin-img-XAUTXAUT+2.08%coin-img-PAXGPAXG+3.59%coin-img-ETHETH-1.12%coin-img-BTCBTC-0.30%coin-img-SOLSOL-0.55%coin-img-XRPXRP-2.32%coin-img-USDCUSDC-0.01%coin-img-ROBOROBO+0.56%coin-img-XAUTXAUT+2.08%coin-img-PAXGPAXG+3.59%coin-img-ETHETH-1.12%coin-img-BTCBTC-0.30%coin-img-SOLSOL-0.55%coin-img-XRPXRP-2.32%coin-img-USDCUSDC-0.01%coin-img-ROBOROBO+0.56%
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Mandy Williams

CryptoQuant flags ongoing Bitcoin deleveraging as CME Bitcoin futures open interest drops 47%

CryptoQuant reports that Bitcoin is in a deleveraging phase, with CME futures basis compressing since 2025 while the slope remains positive. CME Bitcoin futures open interest has declined 47%, similar to the 45% retreat in 2022. Together, these signals point to consolidation or a mid‑cycle bearish regime, with a decisive capitulation potentially approaching.
BTC
BTC-0.32%
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