Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from. Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth $114 billion with Bitcoin trading at $87,500, analyst “Darkfost” posted to CryptoQuant on Sunday. The cascading price of BTC over the past few weeks “continues to trigger liquidations,” pushing traders to double down or readjust their strategies. However, it now appears investors are halting futures trading to “reduce risk exposure. Read more
Bitwise’s Matt Hougan says tokens are getting better at returning value to holders, and Ethereum's Fusako upgrade could “increase token value capture.” Crypto tokens are becoming increasingly efficient at capturing value, thanks in part to new regulations and upgrades, which could send prices surging in 2026, according to Bitwise chief investment officer Matt Hougan. Hougan said in an X post on Saturday that in the chaos of the current market pullback, big news is getting lost, such as the level of value capture in digital assets trending upward. “Most of today’s tokens were created in a regulatory era where value capture was risky; as a result, they defaulted to vague governance-style design choices,” he said. Read more
Jan van Eck says quantum computing could threaten Bitcoin's encryption and privacy, and his firm “will walk away” if it’s “fundamentally broken.” Bitcoin’s encryption and privacy could be at risk from quantum computing, but it is still a good investment for now, says Jan van Eck, CEO of investment manager VanEck. “There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC on Saturday. “The Bitcoin community has been asking itself: Is there enough encryption in Bitcoin? Because quantum computing is coming.” He said that the company believes in Bitcoin (BTC), but it was around before the cryptocurrency launched and “will walk away from Bitcoin if we think the thesis is fundamentally broken.” Read more