{"id":90219,"date":"2025-10-23T17:30:00","date_gmt":"2025-10-23T14:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90219"},"modified":"2025-10-23T17:31:01","modified_gmt":"2025-10-23T14:31:01","slug":"analyst-predicts-bitcoin-correction-amid-rising-open-interest","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-predicts-bitcoin-correction-amid-rising-open-interest\/","title":{"rendered":"Analyst Predicts Bitcoin Correction Amid Rising Open Interest"},"content":{"rendered":"<p>Open interest in options for the leading cryptocurrency has reached record levels. Timothy Misir, head of research at BRN, warned of increased volatility, reports <a href=\"https:\/\/www.theblock.co\/post\/375862\/bitcoin-tests-patience-below-110000-as-options-open-interest-climbs-analysts\">The Block<\/a>.\u00a0<\/p>\n<p>At the time of writing, Bitcoin is trading around $109,400, &#8220;testing investors&#8217; patience&#8221; below the purchase price of short-term market participants, the expert noted. He identified an intraday range between $109,500 and $107,200.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101-1024x602.png\" alt=\"image\" class=\"wp-image-268115\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101-1024x602.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101-768x451.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101-1536x902.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-93ca360bc41d0aa5-7622025944097101.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Correction Risks\u00a0<\/h2>\n<p>According to Misir, the options market has come to the forefront. Open interest has reached a historic high, and dealers are facing increased demand for puts.\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/crypto-markets\/options\/aggregated-open-interest-of-bitcoin-options\/embed\" title=\"Aggregated Open Interest of Bitcoin Options\"><\/iframe><\/p>\n<p>The analyst warned that this situation forces major players to constantly adjust their positions. This could cause sharp price swings even with small market movements.<\/p>\n<p>Digital gold has failed several times to break through $113,000, prompting sales from &#8220;weak hands.&#8221; If the price falls below $108,000, it could trigger a more significant correction to $104,500, and eventually to $97,000.<\/p>\n<p>Mixed investor sentiment has already been reflected in Wall Street&#8217;s behavior, Misir emphasized. At the end of the latest trading session, Bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> lost $101 million.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643-1024x574.png\" alt=\"image\" class=\"wp-image-268116\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643-1024x574.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643-768x430.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643-1536x861.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-8a5b323026d4089a-7622049890454643.png 1824w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Ethereum-based instruments saw an outflow of $18.7 million.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848-1024x573.png\" alt=\"image\" class=\"wp-image-268117\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848-1024x573.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848-768x430.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848-1536x860.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-805cba9107d0d9e8-7622062638466848.png 1826w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Experts at QCP Capital also <a href=\"https:\/\/www.qcpgroup.com\/insights\/asia-colour-166\/\">highlighted<\/a> that the ongoing <a href=\"https:\/\/forklog.com\/en\/news\/what-a-us-government-shutdown-would-mean-for-crypto\">U.S. government shutdown<\/a>, now in its third week, has negatively impacted the market. It has delayed the release of several key economic data, including the Consumer Price Index, expected on October 29.\u00a0<\/p>\n<p>Specialists believe that a figure of 0.2% will support the upward momentum of the leading cryptocurrency.\u00a0<\/p>\n<p>Earlier, Jeffrey Kendrick, head of digital asset research at Standard Chartered, <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-predicts-bitcoin-to-fall-below-100000\">predicted<\/a> a drop in Bitcoin to $100,000.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Open interest in options for the leading cryptocurrency has reached record levels. Timothy Misir, head of research at BRN, warned of increased volatility.<\/p>\n","protected":false},"author":1,"featured_media":90220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Open interest in Bitcoin options hits record highs, warns of volatility.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138],"class_list":["post-90219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"145","promo_type":"1","layout_type":"1","short_excerpt":"Open interest in Bitcoin options hits record highs, warns of volatility.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90219"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90219\/revisions"}],"predecessor-version":[{"id":90221,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90219\/revisions\/90221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90220"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}