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Bitcoin open interest on Binance drops 17%, signaling deleveraging amid record liquidations since 2021.

Market News
12 Nov 2026, 10:11 WIB
Blockonomi
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Bearish
Bitcoin open interest on Binance drops 17%, signaling deleveraging amid record liquidations since 2021.

Bitcoin's open interest on Binance fell 17% from $10.6 billion to $8.8 billion in under a month, indicating a fresh phase of deleveraging as traders reduce leveraged exposure. This decline comes alongside Binance recording its highest monthly liquidation totals since 2021, with November liquidations already exceeding $520 million. Bitcoin faces resistance at $76,400 and support near $72,700, with market watchers closely monitoring whether these levels hold amid ongoing volatility. The reduction in leverage could help stabilize Bitcoin's price, but further weakness remains possible depending on broader market conditions.

Bitcoin trades at Rp1.333.424.295 on Pluang with a slight 0.04% drop as of Nov 12, 2026 15:31 WIB. The market shows 72% buy activity and a typical hold time of 113 days. This stable trading pattern follows the recent deleveraging and Binance liquidation events noted in the news.

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