Bitcoin derivatives analysis covering futures, options, funding rates, open interest, and leverage. Trader-focused BTC signals from Adler AM.
Bitcoin has approached the threshold of a bullish regime. Over the past 24 hours, price has risen by 3.9%, while open interest has increased by 11.2K BTC - the
After the short squeeze, Bitcoin's derivatives market did not recover its previous level of leverage: since August 21, price has remained higher while BTC-denominated open interest has
Aggressive buying once again dominates, while open interest is shrinking at the same time. This is an important combination: buy-side initiative has strengthened, but it is not yet accompanied
Realized volatility sits in the bottom 10% since 2016 while OI/market cap falls for 21 days. Leverage is exiting; watch the 200DMA at 72,666.
Taker Order Pressure flipped to +4.1 while Liquidation Pressure sits at -55.2: the 3.1% rally is real demand, not a short squeeze.
BTC open interest fell 12% in 24h and the pressure index broke below its 30-day average — deleveraging, not new shorts. Watch the 58 reclaim.
Bitcoin taker flow stays negative as CVD compresses 70%. A brief July 8 rally was erased by a $92.7M sell wave. Watch the $62K level and CVD zero.
Strategy sold 3,588 BTC for $216M, its largest sale ever. Price held near $63K but derivatives positioning cooled sharply into bearish territory.
Bitcoin futures moved back above spot for the first time in a month and positioning turned green — early signs of returning risk appetite.
Net taker volume hit +68M while Bitcoin open interest fell 22K BTC. Demand without leverage - watch the 62K reclaim to confirm risk-on.
Bitcoin Net Taker Volume has stalled at zero while long liquidations dominate at +18.4%. With no buyer demand, BTC's path of least resistance points lower.
Bitcoin bounced from $60K to $65.6K on returning taker demand, not a short squeeze. Funding Rate stayed positive 10 days straight - watch for overheating.
