Post #2944

Market just witnessed the largest wave of Open Interest decline in this entire cycle. This drop reflects how aggressively overleveraged positions were wiped out, triggering a massive round of liquidations. Since Q2 2024, we’ve already seen three major liquidation flushes, first a 30% wipeout, then 35%, and now a massive ~40% flush, the biggest so far. Interestingly, a clear pattern has emerged: every time OI sees a major decline, the following quarter sets new highs, and Bitcoin’s price has consistently followed that trajectory. If this pattern repeats again, the next quarter could see both OI and Bitcoin price pushing into new high territory.