Key Points
- Decreasing Open Interest Deltas suggest potential decline in Bitcoin’s price.
- Institutional investors may be closing their positions, triggering a possible significant downturn in Bitcoin’s price.
Recent market indicators hint at a potential steep fall in Bitcoin’s [BTC] price.
The 90- and 180-day Open Interest Deltas analysis disclosed a worrying weakening trend, a pattern that has often been followed by major market corrections.
Bitcoin: Open Interest Delta and its implications
This change implies that institutional investors might be liquidating their positions, an action that could instigate a considerable reduction in Bitcoin’s price — possibly falling as much as 50% from its recent peak.