<ul><li>The current trends in Bitcoin's open interest echo market conditions seen during BTC's run to all-time highs near $73,000 in 2024, raising the question of history repeating itself.</li><li>The 30-day aggregated Open Interest Delta reflects a two-phase cycle of accumulation and decline, driven primarily by institutional market participants.</li><li>The 180-day Open Interest Delta indicates potential liquidation of over-leveraged long positions, signaling a new phase of volatility and consolidation period.</li><li>There is a suggestion of a fractal pattern in whale-driven risk appetite, with cycles consistently beginning in October and contributing to market behavior.</li></ul>

Bitcoin Open Interest Cycle Signals Possible Consolidation Phase Ahead

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