Bitcoin Rebounds Without Increase in Open Interest, May Still Be Range-Bound

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bitcoin news Market Analysis Derivatives Data

Source: blockbeats

2026-03-20 09:25:36

BTC-0,02%

Gate News, March 20 — According to CoinGlass, during Bitcoin’s decline on March 19, open interest (OI) increased as the price fell, indicating that short positions were adding to their holdings and forming a short squeeze. The price eventually reached around $68,750. Currently, the price has rebounded, but OI has shown little significant change, suggesting that this rebound is not driven by new long positions. CoinGlass believes that the current situation is more like a range-bound fluctuation rather than a clear trend reversal. Moving forward, it is important to monitor changes in Bitcoin’s price and OI.

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