{"id":59702,"date":"2025-11-21T12:31:36","date_gmt":"2025-11-21T12:31:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59702"},"modified":"2025-11-21T12:31:36","modified_gmt":"2025-11-21T12:31:36","slug":"total-crypto-open-interest-crashes-to-june-levels-will-bitcoin-repeat-the-same-trend","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59702","title":{"rendered":"Total Crypto Open Interest Crashes To June Levels, Will Bitcoin Repeat The Same Trend?"},"content":{"rendered":"
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Prices across the crypto market have crashed with the recent Bitcoin price decline below $100,000, and other major metrics have followed in accordance. One metric of note that has suffered a notable decline is the crypto market open interest<\/a>. The total open interest fell sharply back in September, and the decline has been the trend since then. As a result, the crypto market open interest has now fallen to levels not seen in five months.<\/p>\n

Crypto Open Interest Dumps Below $140 Billion<\/h2>\n

Data from the Coinglass website shows<\/a> that crypto market open interest has declined significantly after hitting an all-time high in early October. The $233 billion peak was recorded on October 7, coinciding with the Bitcoin price also hitting a peak above $126,000. However, the momentum has not held up since then, and as the Bitcoin price has tumbled, the crypto open interest<\/a> has suffered.<\/p>\n

Earlier in the week, the open interest fell below $140 billion for the first time in five months, marking an over 40% crash in the space of one month. The market saw the first major decline following the infamous crash in the crypto market in a matter of hours. By October 12, only 5 days after the all-time high was recorded, the open interest had crashed by more than 25%, reaching $150 billion.<\/p>\n

\"Crypto<\/p>\n

The current decline is a testament to the reduced participation from investors across the market, as crypto<\/a> traders have taken a more conservative stance through the month of November. Not only has the crypto open interest been gravely impacted, but the daily trading volume has suffered as well.<\/p>\n

Just like the open interest, the crypto daily trading volume<\/a> has recorded a double-digit crash, going from almost $400 billion at the start of October to less than $260 billion at the time of this report. This constitutes an around 35% crash, showing notable similarities to the open interest.<\/p>\n

What Happened To Bitcoin The Last Time?<\/h2>\n

While the rapid decline in the crypto open interest could be a cause for alarm, it is interesting to note what happened to Bitcoin<\/a> the last time this metric was this low. Looking back to June 2025, when the crypto open interest was last below $140 billion, it essentially was the bottom before the price rallied again.<\/p>\n

A bounce following the bottom in June saw the Bitcoin price rise<\/a> from around $100,000 to $126,000 over the next few months, which translates to a 26% increase. If this trend holds and the bottom is marked with the crypto market open interest below $140 billion, then the Bitcoin price could be gearing up for another rally.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Prices across the crypto market have crashed with the recent Bitcoin price decline below $100,000, and other major metrics have followed in accordance. One metric of note that has suffered a notable decline is the crypto market open interest. The total open interest fell sharply back in September, and the decline has been the trend […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59702","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59702"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59702\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}