Amr Taha2025-06-19

Divergence Alert: Binance Open Interest vs. Bitcoin Price – What’s Next After the Fed Meeting?

Following the Federal Reserve’s decision to hold interest rates steady during its most recent policy meeting, the Bitcoin market has shown a complex set of signals, especially on Binance. Key Technical Divergence: Flat Price, Falling Open Interest : As seen in the Binance BTC Price & Open Interest Change chart, BTC has formed consistent equal lows slightly above $104,000. This level has acted as a strong demand zone, repeatedly absorbing sell pressure. However, in contrast, the open interest on Binance has recorded a series of lower lows, showing progressive deleveraging across the derivatives market. 104K: The Liquidation Magnet for Late Longs : * The BTC: Binance Liquidation Delta chart highlights a sharp liquidation cluster around $104,000, where: * Long positions were forcefully closed (green delta spikes), reflecting a cleanse of latecomers chasing the rally. * Short liquidations were minimal, confirming the dominance of long squeezes. Conclusion: Path to Higher Prices The timing of this cleanup coincides with the Fed’s decision to pause rate hikes — a macroeconomic signal that often acts as a tailwind for risk-on assets like Bitcoin. Historically, BTC has shown bullish tendencies following rate stabilization, especially when paired with signs of liquidation exhaustion and fading open interest.