Bitcoin Derivatives See Biggest Drop in a Year
Combined open interest across CME Bitcoin futures and perpetual futures has plunged by roughly 49,000 BTC over the past seven days, marking the biggest weekly decline since October 2025. This happened very quietly, which is highly unusual. This time, Bitcoin volatility has remained comparatively contained, liquidations have been modest and perpetual-futures funding rates have cooled. Peter Brandt Names Stellar (XLM) as Long-Shot Crypto Pick XRP Headlines Altcoins Ahead of Busy Macro Week, Binances New Listing Live with SpaceX Campaign: Main Crypto News This Morning CoinGlass data shows total Bitcoin futures open interest at approximately $52.89 billion, with Bitcoin trading near $84,070. CoinGlass also recorded approximately $56.25 billion in Bitcoin futures trading volume over 24 hours. CoinGlass showed only about $67.6 million in Bitcoin futures liquidations over the preceding 24 hours in its latest snapshot. That is tiny relative to Bitcoins roughly $52.9 billion derivatives open-interest base. There is obviously no deleveraging events that normally produce drops of this magnitude. Bitcoin has remained relatively stable despite the massive contraction of derivatives. October 2025 was completely different Bitcoins last much larger derivatives reset came during the historic October 10 liquidation event. CoinGlass data at the time showed billions of dollars in open interest disappearing as a violent market decline automatically closed leveraged positions. Back then,









