5 hours ago
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Key Takeaways
- BTC at $81,186.
- Open Interest: fell from $29.09B (May 5) to $26.84B (May 11).
- Funding rate: -0.01218343.
- ELR stable at 0.23581241.
- Garman-Klass volatility: 2.79%, down from above 5%.
- Major liquidity cluster: $85,537.
- MVRV ratio: approximately 1.5.
Why Bitcoin Is Not Moving
Since the May 5 open interest peak of $29.09B, OI has fallen to $26.84B on May 11, a reduction of $2.255B, equivalent to -7.75%. Between May 10 and May 11 alone it fell another $207M. Open interest is not recovering. At the same time, the Estimated Leverage Ratio has remained stable near 0.2358, with the latest reading at 0.23581241.
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