Active Profit-Taking Replaces Forced Liquidations in Bitcoin Deleveraging
Bitcoin open interest across CME and perpetual futures fell by 49,000 BTC in seven days, its largest weekly decline since October 2025.
Bitcoin (BTC) open interest across CME contracts and perpetual futures fell by 49,000 BTC over seven days, marking its largest one-week decline since October 2025 as traders reduced exposure amid subdued market conditions.
The reduction came alongside low market volatility and continued declines in funding rates, which are periodic payments between traders in perpetual futures markets.
The latest deleveraging was closer to active profit-taking than forced liquidations, contrasting with earlier sharp position reductions that coincided with forced closures. Overall market sentiment became more rational during the period.
