Bitcoin price has rebounded 10% since June 5, reaching near-all-time highs at $110,800 on June 9. Meanwhile, analysts say declining open interest and “liquidation exhaustion” suggest that BTC price is primed for the next move. Onchain data reveals a notable divergence between Bitcoin’s price and Binance open interest (OI), showing progressive deleveraging across the derivatives market. While Bitcoin price came within 1.3% of its all-time high on May 27, Binance OI failed to reach its previous peak in late May, according to data from CryptoQuant. Instead, a distinct divergence has emerged with this metric recording a ... (full story)