Bitcoin Derivatives Open Interest Falls 31% Since October Amid Three-Month Deleveraging

Bitcoin derivatives open interest has declined 31% since October and continued falling over the past three months as leverage eased, CryptoQuant said on Jan. 15. CryptoQuant described this as a "deleveraging signal" that clears excess leverage and supports a more bullish structure, citing analyst Darkfost who noted such phases often mark bottoms. If Bitcoin enters a full bear market, open interest may shrink further and the correction could extend, the firm added.