Despite Bitcoin recovering to $80,000, open interest stagnates at $53.4 billion
Original headline비트코인 8만달러 회복에도 미결제약정 534억달러 정체
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin reclaimed $80,000 following the U.S. midterm elections, yet futures open interest stayed essentially flat at $53.4 billion, indicating little fresh leveraged capital entered the rally. CoinDesk reported that BTC dipped during Asian trading on the 4th before rebounding after news of a strong Democratic showing, with the analysis published in its 5th newsletter. Open interest measures outstanding futures contracts that have not been closed or liquidated, and its stagnation alongside rising prices suggests the move was driven more by spot demand than new leverage. Solana (SOL), Hyperliquid (HYPE), Dogecoin (DOGE) and Near Protocol (NEAR) also posted price gains while their futures open interest lagged. Watch whether open interest expands on further upside to confirm renewed risk appetite, or whether the rally stalls without leverage support.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
A linked name opens that asset's sentiment page.