Overview

• Binance’s BTCUSDT market recorded a one-day build of 10,000 BTC in open interest, marking an 8% increase.
• Total Bitcoin futures open interest across centralized exchanges climbed to a record $44.5 billion even as price retraced to $115,000.
• Bitcoin lost over 2% in 24 hours and trades near $116,000 after slipping from a recent peak above $119,000.
• CryptoQuant analysts warn that it is unusual for open interest to rise while prices fall, highlighting a rare negative divergence.
• Such elevated unsettled contract volumes raise the risk of forced liquidations that could amplify volatility.