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Bitcoin Bottom← Today's Score
Market & MacroWeight: 68 / 100 · Source: Binance

Open Interest Change — Bitcoin Leverage Flush Signal

Open interest (OI) in Bitcoin futures tracks total outstanding leveraged positions. When OI declines sharply over 30 days, it signals forced liquidation and deleveraging — a necessary condition for a clean market bottom free of excess leverage.

What It Measures

The 30-day percentage change in total open interest on Binance Bitcoin perpetual futures. Negative readings indicate deleveraging; large negative spikes indicate forced liquidation events.

How It's Calculated

OI Change = (Current OI − OI 30 days ago) / OI 30 days ago × 100, measured from Binance BTCUSDT perpetual contracts.

Bottom Signal

OI declining more than 20% over 30 days — leveraged speculation has been flushed. Post-deleveraging environments have historically been fertile ground for accumulation.

Historical Readings at Cycle Bottoms

Nov 2022 FTX: −50% OI in 30 days | May 2022 LUNA: −40% | May 2021 China ban: −45%

How to Read the Score

+0.3 to +1.0
Strong Bottom Signal
0 to +0.3
Mild Bottom Signal
−0.3 to 0
Neutral / Slight Caution
−1.0 to −0.3
No Bottom Signal
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Not financial advice. Bitcoin is a high-risk asset. Past signal accuracy does not guarantee future results.