{"id":92968,"date":"2026-01-09T11:55:59","date_gmt":"2026-01-09T08:55:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92968"},"modified":"2026-01-09T12:00:27","modified_gmt":"2026-01-09T09:00:27","slug":"cryptoquant-analyst-predicts-imminent-bitcoin-reversal-amid-open-interest-decline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptoquant-analyst-predicts-imminent-bitcoin-reversal-amid-open-interest-decline\/","title":{"rendered":"CryptoQuant Analyst Predicts Imminent Bitcoin Reversal Amid Open Interest Decline"},"content":{"rendered":"<p>The total open interest in derivatives based on digital gold has fallen to its lowest level since late 2022, according to CryptoQuant analyst known as Arab Chain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Open Interest Declines to Its Lowest Levels Since 2022<\/p>\n<p>\u201cHistorically, reaching similar levels since 2022 has preceded periods of consolidation or even bullish reversals, particularly if price action begins to stabilize.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/ArabxChain?ref_src=twsrc%5Etfw\">@ArabxChain<\/a> <a href=\"https:\/\/t.co\/sSM4kWEQFJ\">pic.twitter.com\/sSM4kWEQFJ<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2009520852711231688?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe current trend clearly reflects a decrease in risk appetite and a significant outflow of liquidity from futures markets on major exchanges,\u201d commented the expert.<\/em><\/p>\n<\/blockquote>\n<p>The largest decline was recorded on Binance \u2014 approximately 1.53 million BTC. It was followed by Bybit (-784,000 BTC), Gate (-505,000 BTC), and OKX (-395,000 BTC).<\/p>\n<p>Similar reductions were observed on Deribit, Bitfinex, and HTX Global, confirming the trend is market-wide rather than localized. Arab Chain interpreted this as a phase of \u201cdeleveraging\u201d \u2014 a large-scale liquidation of leveraged positions.<\/p>\n<p>This conclusion is supported by the drop in Bitcoin&#8217;s price to $90,150 after an unsuccessful attempt to stay above $94,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHistorically, reaching similar levels since 2022 has preceded periods of consolidation or even bullish reversals, especially if price action begins to stabilize,\u201d added the analyst.<\/em><\/p>\n<\/blockquote>\n<p>At the time of writing, digital gold is trading around $90,700. Over the past day, its price has increased by 0.1%.<\/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-0a1b3e9673fd6a9d-3165167614648105-1024x602.png\" alt=\"image\" class=\"wp-image-273072\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0a1b3e9673fd6a9d-3165167614648105-1024x602.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-0a1b3e9673fd6a9d-3165167614648105-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-0a1b3e9673fd6a9d-3165167614648105-768x451.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-0a1b3e9673fd6a9d-3165167614648105-1536x902.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-0a1b3e9673fd6a9d-3165167614648105.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Glassnode specialists <a href=\"https:\/\/t.me\/glassnode\/1479\">highlighted<\/a> the following key levels:<\/p>\n<ul class=\"wp-block-list\">\n<li>short-term holders&#8217; base cost: $98,900;<\/li>\n<li>average price of active investors: $87,700;<\/li>\n<li>true average market value: $81,000;<\/li>\n<li>realized price: $56,000.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Options<\/h2>\n<p>According to Greeks.live, options worth $2.4 billion expired on January 9 \u2014 7% of the total open interest.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">January 9 Options Expiration Data<br \/>21,000 BTC options expired with a Put-Call Ratio of 1.07, maximum pain point at $90,000, and notional value of $1.9 billion.<br \/>126,000 ETH options expired with a Put-Call Ratio of 0.88, maximum pain point at $3,100, and notional value of $390\u2026 <a href=\"https:\/\/t.co\/BIjcLitJh4\">pic.twitter.com\/BIjcLitJh4<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a href=\"https:\/\/twitter.com\/GreeksLive\/status\/2009527873644974258?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The put-call ratio for Bitcoin was 1.07 with a maximum pain point at $90,000, while for Ethereum it was 0.88 with a point at $3,100. Bearish sentiment prevails in the digital gold market.<\/p>\n<p>The implied volatility of the leading cryptocurrency stabilized at ~40%. For the leading altcoin, it decreased to 55%. Experts noted an overall weakening of the downward trend.<\/p>\n<p>Greeks.live also noted a high share of block trades \u2014 70%. This indicates the accumulation of significant cash reserves by <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-market-maker\">market makers<\/a> and active traders.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cTheir main strategic positions are currently focused on monthly call options for Bitcoin and monthly put options for Ethereum, reflecting a differentiated approach to expectations for the two leading assets,\u201d commented the specialists.<\/em><\/p>\n<\/blockquote>\n<p>Analysts at JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-suggests-crypto-market-sell-off-may-be-ending\">suggested<\/a> the end of the sell-off in the crypto market. According to them, current factors indicate a possible bottoming out rather than the start of a new decline phase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total open interest in derivatives based on digital gold has fallen to its lowest level since late 2022, noted CryptoQuant analyst known as Arab Chain.<\/p>\n","protected":false},"author":1,"featured_media":92969,"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 digital gold derivatives hits lowest since 2022, says CryptoQuant analyst.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145,1138],"class_list":["post-92968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"158","promo_type":"1","layout_type":"1","short_excerpt":"Open interest in digital gold derivatives hits lowest since 2022, says CryptoQuant analyst.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92968","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=92968"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92968\/revisions"}],"predecessor-version":[{"id":92970,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92968\/revisions\/92970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92969"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}