Recently, a noteworthy development has occurred in the cryptocurrency markets. Bitcoin (BTC) open interest has dropped to its lowest level of 2025, indicating that fear prevails in the markets and investors' appetite for risk has diminished.

CryptoQuant analysts point out that this situation often coincides with macro bottom regions. According to the data, Bitcoin has retraced approximately 20% from its recent peak. During this process, a significant portion of leveraged positions has been liquidated, and speculative movements have been replaced by more cautious investor behavior.

According to the CryptoQuant analyst's comments, such periods often result in the exhaustion of selling pressure, followed by a strong recovery trend in prices. Similar patterns were observed during previous sharp corrections in 2025. When open interest levels bottomed out at that time, Bitcoin exhibited a stable upward movement in the following weeks.

Therefore, the current decline is seen by some analysts as a strategic buying opportunity for long-term investors. On-chain indicators reveal that the Bitcoin cycle is on an upward trend in the long term. According to the CryptoQuant analyst, the market may be very close to a bottom point where it can regain momentum.