Bitcoin: Futures OI Nears September Record on Thin Volume

Bitcoin futures open interest has climbed past a full day of futures volume, just shy of last September's record, with plenty of positions but thin turnover that leaves liquidations meeting little resistance in either direction.

Price action on the 4h chart shows BTC at $62811.76 testing the lower Bollinger Band support near $62844.94 while the EMA50 at $63964.15 and EMA200 at $63705.16 act as overhead resistance in a bearish structure; the MACD death cross at -335.19 and RSI at 32.64 confirm sellers tiring yet buyers absent, leaving leverage traders exposed on a tape this quiet since 2019.