A recent market breakdown from crypto analytics firm Alphractal is raising eyebrows among traders, pointing to a rare divergence between Bitcoin’s price movement and futures market behavior.
Despite the crypto king losing ground this week, open interest in Bitcoin futures has been climbing—particularly on Bybit, one of the top derivatives exchanges.
According to Alphractal’s report, Bybit has seen a staggering $1.52 billion surge in open interest over the past 24 hours, marking a new record. That increase comes at a time when Bitcoin’s price has been sliding—something analysts say is far from typical.
“Open interest usually rises in sync with prices, but this time, it’s different,” the firm noted. They added that the bulk of this activity is coming from Bybit, suggesting that either aggressive shorting or speculative positioning is heating up on the platform.
Historically, this type of divergence between open interest and price has preceded sharp market moves, often leading to liquidation cascades or short squeezes. Alphractal warns that when positions build up in one direction without price support, it sets the stage for sudden volatility.
The firm’s analysis implies that traders should tread carefully, as one-sided positioning can trigger rapid reversals. Whether bulls or bears are setting the trap remains to be seen—but with leverage piling up, the next major move in Bitcoin could be explosive.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/unusual-pattern-on-bybit-could-trigger-major-bitcoin-reversal/