<ul data-eligibleForWebStory="true"><li>Bitcoin faces short-term pressure as key on-chain indicators flash caution, according to a report by CryptoQuant.</li><li>Weakening Open Interest on Binance and stablecoin outflows from derivative exchanges raise red flags for BTC's rally.</li><li>Bitcoin retesting all-time high while Binance's Open Interest fails to reflect this move, indicating declining futures market participation.</li><li>Healthy price rallies are typically supported by growing Open Interest, suggesting current momentum may lack strong trader conviction.</li><li>Over $750 million in stablecoins withdrawn from derivative platforms hint at de-risking behavior and potential volatility.</li><li>Synchronized outflows of stablecoins often precede volatility and may signal strategic capital rotation or risk-off behavior by larger players.</li><li>These events near Bitcoin’s all-time highs reinforce the case for near-term caution.</li><li>Although caution is warranted in the short term, CryptoQuant maintains a bullish long-term outlook for Bitcoin.</li><li>Traders advised to watch for Open Interest growth and inflows into derivatives platforms for bullish confirmation.</li></ul>

Bitcoin Rally at Risk? Binance Open Interest Says Yes

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