CryptoQuant sees Bitcoin open interest variation hit 2025 low, nearing extreme fear region

Key Takeaways

• Open interest variation in crypto derivatives markets has hit its lowest point in 2025, as per CryptoQuant analysis.
• This metric nearing the 'extreme fear region' is significant as it historically aligns with Bitcoin price bottoms and market sentiment shifts.

Open interest variation hit a 2025 low today, approaching the extreme fear region according to CryptoQuant analysis, signaling potential market sentiment shifts in crypto derivatives markets.

The metric tracks changes in outstanding crypto derivative contracts and recently gained attention for signaling potential trend reversals during Bitcoin’s recent correction. The extreme fear region represents a market sentiment threshold often associated with Bitcoin’s price bottoms.

Historical patterns suggest low open interest variation corresponds with Bitcoin macro bottoms, where market fear typically prompts accumulation by long-term holders.

The analyst noted that extreme fear conditions have historically preceded major reversals in Bitcoin’s price trajectory, particularly after broad market corrections.