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Bitcoin Open Interest drops below yearly average amid weakening spot demand and ETF outflows.

Market News
19 Oct 2026
AMBCrypto
View Source
Bearish
Bitcoin Open Interest drops below yearly average amid weakening spot demand and ETF outflows.

Bitcoin's 7-day moving average of Open Interest fell below its 365-day average in early October, signaling cautious speculative interest despite recent price gains. Spot Bitcoin ETF outflows continued, with $434 million withdrawn recently, reflecting reduced demand and investor caution. Although some signs of a recovery base are emerging, weak spot demand and shrinking inflows suggest challenges ahead for a sustained Bitcoin rebound. A broad recovery in spot demand and ETF inflows is needed to support a durable market recovery.

Bitcoin's recent speculative interest shows caution as its 7-day moving average of Open Interest fell below the 365-day average. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 19, 2026 14:01 WIB: out of 50 major cryptocurrencies, 36 rose and 13 fell today. Notable movers include SOL (Solana) at Rp1.905.764 with a 1-day change of +2.55% and Pluang order activity split 52% Sell / 48% Buy, CAKE (PancakeSwap) at Rp39.865 with +2.41% and 87% Sell / 13% Buy, and ENJ (Enjin Coin) at Rp490 with -2.36% and 95% Sell / 5% Buy.

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