According to @AltcoinGordon, Bitcoin (BTC) open interest on Binance has continued to decline following the recent Federal Reserve policy update, signaling ongoing market deleveraging and a possible setup for a bullish reversal. Historical trading patterns suggest that such drops in open interest often precede upward price movements as weak hands are flushed out of the market. This trend is consistent with previous years, where a reduction in leverage was followed by renewed bullish momentum. Traders are advised to monitor open interest and price action closely for confirmation of a reversal (Source: @AltcoinGordon on Twitter, June 21, 2025).

According to @OnchainDataNerd, Abraxas Capital recently withdrew 505 BTC, equivalent to approximately $4.64M, from Binance. This brings their total holdings to 2,983 BTC, valued at around $2522.18M, indicating significant accumulation behavior. Such large withdrawals can affect Bitcoin liquidity on exchanges like Binance, potentially influencing market volatility and price movements. Traders should monitor this wallet closely for further large transactions as it could signal market trends.