BITCOIN’S OI SHARE RISES TO 42.1% AS ALTS DELEVERAGE
Bitcoin is trading around 77,000 USD, up 0.7% from the start of the UTC day but still down 0.9% over 24 hours and roughly 6% below last week’s 82,284 USD peak.
According to Coinalyze, total crypto futures open interest fell from 62.4B USD to 59.5B USD, while 24-hour trading volume reached 94.2B USD. Liquidations rose to 256.3M USD from 142.3M USD midweek.
Bitcoin OI remained nearly flat at 25B USD, rising just 0.12% over 24 hours, yet its share climbed to 42.1% of the market. On Sept. 6, that share was around 37%, when altcoin perpetual OI first exceeded Bitcoin since December 2024.
This means Bitcoin is not regaining share through a major OI expansion. Instead, leverage is leaving altcoins faster, automatically increasing BTC’s share.
Zcash shows the clearest adjustment. ZEC OI dropped 20.1% to 1.4B USD as its price fell 9% to 1,112.10 USD, with 17.2M USD liquidated. Funding turned negative at -0.0016%, while OI had previously reached a record 2.4B USD as ZEC gained 134% in 30 days.
Hyperliquid and XRP also saw OI decline about 5% over 24 hours, to 2.5B USD and 1.2B USD respectively.
Bitcoin accounted for 60.3M USD in liquidations, while Ether saw 46.5M USD. The aggregate long/short ratio stood at 1.114, with longs at 52.67% and shorts at 47.29%, indicating a relatively balanced market.
Meanwhile, S&P 500 futures rose 0.48%, Nasdaq futures gained 0.56%, gold added 0.74% and silver climbed 0.92%. CoinMarketCap’s Altcoin Season Index stood at 38/100, back in neutral territory after reaching 51/100 on Tuesday.
The next major catalyst is August U.S. CPI, due at 8:30 a.m. ET, the last major release before the Sept. 15–16 FOMC meeting. Core CPI is expected to rise 0.2% month over month, while headline CPI is forecast at 0.4%.
(DYOR). $BTC $BCH $BNB #Colecolen
Bitcoin is trading around 77,000 USD, up 0.7% from the start of the UTC day but still down 0.9% over 24 hours and roughly 6% below last week’s 82,284 USD peak.
According to Coinalyze, total crypto futures open interest fell from 62.4B USD to 59.5B USD, while 24-hour trading volume reached 94.2B USD. Liquidations rose to 256.3M USD from 142.3M USD midweek.
Bitcoin OI remained nearly flat at 25B USD, rising just 0.12% over 24 hours, yet its share climbed to 42.1% of the market. On Sept. 6, that share was around 37%, when altcoin perpetual OI first exceeded Bitcoin since December 2024.
This means Bitcoin is not regaining share through a major OI expansion. Instead, leverage is leaving altcoins faster, automatically increasing BTC’s share.
Zcash shows the clearest adjustment. ZEC OI dropped 20.1% to 1.4B USD as its price fell 9% to 1,112.10 USD, with 17.2M USD liquidated. Funding turned negative at -0.0016%, while OI had previously reached a record 2.4B USD as ZEC gained 134% in 30 days.
Hyperliquid and XRP also saw OI decline about 5% over 24 hours, to 2.5B USD and 1.2B USD respectively.
Bitcoin accounted for 60.3M USD in liquidations, while Ether saw 46.5M USD. The aggregate long/short ratio stood at 1.114, with longs at 52.67% and shorts at 47.29%, indicating a relatively balanced market.
Meanwhile, S&P 500 futures rose 0.48%, Nasdaq futures gained 0.56%, gold added 0.74% and silver climbed 0.92%. CoinMarketCap’s Altcoin Season Index stood at 38/100, back in neutral territory after reaching 51/100 on Tuesday.
The next major catalyst is August U.S. CPI, due at 8:30 a.m. ET, the last major release before the Sept. 15–16 FOMC meeting. Core CPI is expected to rise 0.2% month over month, while headline CPI is forecast at 0.4%.
(DYOR). $BTC $BCH $BNB #Colecolen
