Bitcoin derivatives analysis covering futures, options, funding rates, open interest, and leverage. Trader-focused BTC signals from Adler AM.
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.
BTC futures OI dropped from +8.9% to -7.2% in two weeks. Funding flipped negative across Binance, Bybit and OKX. Spot holds above $70K.
Futures sentiment reversed sharply over 3 days, but Bitcoin price structure only reached neutral. No confirmed regime change yet.
Bitcoin Regime Score returns to positive territory (+14.1) after two weeks of bearish phase, but funding drops to -0.43%. Two signals, one question.
Positioning SMA-30d flipped to -3.1 as shorts dominate futures. Long liquidations rising to 18.6%. Key trigger: SMA-30d back above zero.
Bitcoin Integrated Market Index reaches 96 - a 30-day high - as taker flow reversal ends 178 hours of Bear Regime. Price trades at $3,453 premium above Fair Value.
Bitcoin Net Taker Volume SMA-7D reversed from -1.66 to +0.18 in under two weeks - buyers dominate for 3 days straight. Yet funding rates closed negative 23 of last 30 days. Reversal or trap?
