Bitcoin’s Mood Swing: Fading FOMO and a Wave of Liquidations

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It seems Bitcoin is having a bit of an existential crisis, folks. A new report from the ever-wise Glassnode has revealed that Bitcoin Open Interest (yes, the nifty way to measure how many daring souls are betting their digital fortunes) is sliding faster than a penguin on an icy slope. Turns out, the risk appetite of those futures traders has gone on holiday. 🏝️

Bitcoin Futures Open Interest Is Stuck in Neutral – Honestly, Isn’t That Refreshing?

So, according to the on-chain analytics geniuses at Glassnode, this metric tracks the total of BTC futures bets floating around on all those fancy centralized exchanges. When it climbs, investors are opening more positions-probably with too much leverage and a dash of gambling spirit. But when it dips? Well, that’s a fancy way of saying “everyone’s bracing for impact,” or maybe just hiding under the duvet because the market’s playing hard to get.

And the chart below? It tells a story of doom and gloom: Bitcoin’s Open Interest took a nosedive last month, courtesy of a price crash that made traders cry into their keyboards. Since then, there’s been a steady slide, like a snowball rolling downhill – gaining momentum as Bitcoin’s value continues to evaporate. ❄️

Market psychology? Check. Investors are holding back, avoiding the thrill of new bets. The report dubs this a “cautious stance,” but honestly, it just sounds like people don’t want to lose their shirt right now. The thrilling days of leverage are apparently on pause, and I’m guessing the market is mimicking a very cautious cat that’s not quite ready to pounce. 🐱

Liquidation Frenzy: Bitcoin Gets Liquidated Like It’s Hot

As if Bitcoin’s mood swings weren’t enough, the past 24 hours have seen the sector get shredded-liquidation-wise that is. A staggering $904 million evaporated in a blink, with Long positions taking a massive hit. It’s like watching a high-stakes poker game where everyone suddenly realizes they’re all in over their heads. 🃏

Bitcoin and Ethereum are carrying the liquidation torch, gobbling up $370M and $235M respectively – a kind of digital bloodbath. Meanwhile, Solana, the underdog, managed to stay afloat with a modest $37M liquidated but still somehow managed a tiny positive gain. Go figure, SOL’s the resilient kid in a sea of chaos. 💪

Bitcoin Bounces Back to $86,900 – Ticket to Ride?

Afterits recent tumble, Bitcoin’s back up to the $86,900 mark, flirting with the idea of a comeback or just a brief flirtation before plunging again. The chart below shows its latest antics-up and down, like a rollercoaster designed by a very mischievous engineer. 🎢

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2025-11-21 11:14