Bitcoin derivatives analysis covering futures, options, funding rates, open interest, and leverage. Trader-focused BTC signals from Adler AM.
Bitcoin Taker Score collapsed 84 to 31 in 24h while price held flat. Buyer demand vanished as futures microstructure tilts risk-off.
Coinbase Premium Index hit −0.098 - the lowest in May. BTC futures OI stayed flat at 293–303K BTC. The bounce lacks U.S. demand confirmation.
Bitcoin Bull–Bear Index dropped to –23.5, Price Structure at –0.56. Bulls failed to hold above zero in early May. Watch ETF inflows and EMA for regime shift.
Net Taker Volume SMA-30D drops 35% from May peak as bullish momentum fades. Funding Rate holds negative since March. Key level to watch: $78K.
Bitcoin BFMI crashed from 78 to 30 in 48 hours as SMA-7 broke down. Liquidations oscillator holds at -11 to -13. Neutral risk-off regime confirmed.
Bitcoin short liquidations hit $737M peak in Feb, $608M in Apr, with a fresh $175M spike May 4. Trend Pulse holds Neutral Mode at $80K.
Regime Score back in bear zone. Cumulative funding hit -659 bps annual low - shorts dominate derivatives while price holds $75-79K.
Short liquidation dominance SMA(7D) hit +28.7 while OI dropped to 292K BTC. Classic squeeze signal - no new bullish leverage being built.
Bitcoin Inter-Exchange Flow Pulse recovered 136% from March lows. SMA crossover confirmed. Coinbase Premium validates spot demand shift.
Bitcoin Futures Basis 7D SMA dropped from +0.465% to +0.054% in 4 days. Funding Rate holds at -0.00945%. Derivatives signal caution.
Bitcoin Positioning Index SMA-30d hits 4-month high of 4.5. OI 30D Change at +14.5% confirms fresh leverage build, not a short squeeze.
April 17 wiped $526M in shorts. OI peaked at 319K BTC and is now contracting - squeeze complete, cooldown underway.
