Event Dime

Bitcoin Open Interest Plunges 25% as Mass Liquidations Reset Crypto Derivatives Markets

Events
When:
June 4, 2026 · 7:05 PM
Source:
Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

TLDR: Bitcoin open interest dropped 25% to $23.2B, hitting its lowest level since early April in just four days. Ethereum open interest fell 13% to $9.8B, reaching levels not recorded since March amid the selloff. Forced liquidations of leveraged longs added extra selling pressure, accelerating the market’s rapid price decline. Declining open interest at multi-month [...] The post Bitcoin Open Interest Plunges 25% as Mass Liquidations Reset Crypto Derivatives Markets appeared first on Blockonomi

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    Bitcoin (BTC) Price: Critical Support Level at $71K Could Trigger Rally to $76,600

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