Although there have been many news reports about Iran over the weekend, the United States and Israel have not taken any action so far, so the crypto market remained relatively calm over the weekend. BTC is still struggling above $90,000, but since the daily charts are currently in a downtrend and the global situation is uncertain, market sentiment is insufficient to support a breakout. This week, although the US will release key economic data such as CPI, market focus remains on Trump’s actions. Therefore, the market is expected to be primarily driven by news, especially the changing situation in the Middle East and Iran.
According to the latest data from CryptoQuant, Binance’s Bitcoin derivatives market showed clear signs of contraction over the past week. The 7-day change rate of BTC open interest (OI) plummeted from +9% on January 8 to -2% on the 11th, a decrease of 11%. This shift indicates that traders are heavily closing positions, especially long positions, which may be decreasing due to active exit or forced liquidations. Meanwhile, the Cumulative Volume Delta (CVD) has been steadily declining since January 8, indicating increased selling pressure in the market. Since the decline in CVD coincides with the contraction of open interest, it further confirms that the market is experiencing a withdrawal of longs and a resurgence of selling pressure.
In terms of capital flow, Binance’s large inflow of funds (30-day rolling total) has slightly increased from $3 billion to $3.6 billion, showing initial signs of distribution. This growth pattern is highly similar to early October last year. Historically, increased whale activity like this often signals that the market is about to enter a short-term profit-taking phase. Although the current volatility has not yet reached a severe spike, the combination of declining open interest and whale deposits into exchanges suggests that market sentiment has become more cautious. Investors should closely monitor subsequent distribution behaviors and the risk of price corrections.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Funding Rate Turns Negative at -0.0031%, Major CEXs Show Mixed Rates
Gate News message, April 26 — According to Coinglass, Bitcoin's 8-hour average funding rate across the network is currently -0.0031%, indicating a bearish sentiment among traders.
Among major centralized exchanges, funding rates vary: a leading CEX shows 0.0002%, another major CEX at -0.0004%, a th
GateNews37m ago
Whale Deposits 300 BTC Worth $23.4M to CEX After 2-Year Dormancy
Gate News message, a whale has deposited 300 BTC (valued at $23.4 million) into a centralized exchange after remaining inactive for 2 years. These 300 BTC were originally withdrawn from CEX 3 years ago when BTC was priced at $19,329. The whale is currently holding an unrealized profit of $17.6 milli
GateNews2h ago
Metaplanet Issues ¥8B Bonds To Expand Bitcoin Holdings
Metaplanet raises ¥8B through zero-coupon bonds to fund Bitcoin purchases without immediate interest burden.
Firm grows BTC reserves to over 40K coins, targeting 100K by year-end despite valuation-driven losses.
Strategy relies on debt financing as stock declines, reflecting risk amid
CryptoFrontNews3h ago
CryptoQuant Analyst: Bitcoin Must Hold Above $83K to Confirm Market Recovery
Gate News message, April 26 — According to CryptoQuant analyst Axel Adler, short-term holder (STH) selling pressure has notably eased following spring market stress relief, and Bitcoin's market recovery remains underway. Current BTC price has approached the short-term holder cost basis.
Adler
GateNews3h ago
El Salvador Adds 8 BTC Over Past Week, Total Holdings Reach 7,633.37 Bitcoin
Gate News message, April 26 — El Salvador added 8 Bitcoin over the past 7 days, bringing its total holdings to 7,633.37 BTC worth approximately $624 million.
Over the past 30 days, the country has accumulated 31 Bitcoin, continuing its strategy of building its national Bitcoin
GateNews5h ago
Bitcoin Perpetual Contracts: Large Holders Earn Fees While Retail Traders Pay, Says Chief Economist
Gate News message, April 26 — Fu Peng, newly appointed chief economist at Xinhuojituan, explained the underlying business model of Bitcoin perpetual contracts on social media, comparing it to traditional finance's "deferred fees" or "overnight fees" used in precious metals and commodity spot
GateNews5h ago
