G a a h2025-10-17

Open Interest variation reaches 2025 low — Very close to the Extreme Fear region!

During Bitcoin's last major price correction in 2025, which reached approximately -30%, the Open Interest variation reached 25 points, signaling a strong sense of fear in the market, very close to the Extreme Fear range. Historically, this behavior tends to indicate moments of selling exhaustion and possible macro bottom regions. Now, this same movement is repeating itself. After Bitcoin corrected about -20% from its last historic high, the Open Interest variation indicator is again approaching the critical zone observed in periods of market panic. This pattern reflects the mass liquidation of leveraged positions, reduced speculation, and the return of more defensive behavior by investors in this market. The last few times Open Interest reached similar levels, Bitcoin found support and began significant recovery movements in the following weeks. Therefore, this new drop to 2025 may represent another opportunity for strategic accumulation, especially considering the on-chain context of cycles that are still favorable for BTC in the long term.