Bitcoin is stabilizing a bit after a surprise crash that briefly sent its prices soaring Coming in at $101,000 last weekend. The event caused a glut in the derivatives market and trader confidence, remained market sentiment is deeply shaken.
On-chain data from Cryptoquant shows that Bitcoin’s open interest differential has reached the Flash Crash, its lowest reading in 2025. This depends on whether this is found in a major renovation or the beginning of a deep renovation.
Bitcoin open interest is drowning the field of extreme fear
According to On-Chain Analytics Cryptoquant, Bitcoin’s Turn on the interest differenceindicator for measuring changes in the price of active futures contracts, recently he entered a very dangerous place. In particular, the open interest rate hit a negative 25 basis points, its lowest level so far in 2025.
This metric used to arrive at the same meetings during the last major correction of BTC at the beginning of the year, when it settled around negative 25. However, the last time that bitcoin opening interest fell below this level was 2023.
The latest reading is around 25 bad shows A major market downturnwhere the overpaid sellers were kicked out when BTC touched $101,000. Similar drops so far this year have indicated periods of great desperation but have been followed by renewed strength when selling pressure has eased.
Always open interest at this level, the price of Bitcoin found support soon after the recovery continued in the following weeks. These multiples suggest that oversaturation often exceeds the formation of local or macro bottoms.
What does this mean for Bitcoin?
When a risk in open interest follows a decline in prices, it often signals a long-term elimination wave. This kind of very open interest means that most of the power brokers have been completely fed up with the system, and the market is now cleaning it up. In such cases, it can actually be Bullist on middle names.
As shown in the chart above, the last open low of 25 started in April, when BTC finally he completed its extended renovation from more than $106,000 for $76,300. What happened after the previous high months that saw Bitcoin break above $106,000 and again to a new all-time high.
A similar and comparable performance could work for the price of BTC to make a solid 40% to 50% increase for the next several months. This strong rise would send Bitcoin price action back above $150,000 in early 2026.
At the time As of writing, Bitcoin is trading at $106,900, up 1.4% in the last 24 hours.
Featured image from Getty Images, chart from Tradingview.com
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