Bitcoin rises 35% since August low while open interest drops 20%, Glassnode reports
Property	Value	Type
Title	Bitcoin rises 35% since August low while open interest drops 20%, Glassnode reports	metadata
Category	price	metadata
Subcategory	price	metadata
Sentiment	neutral	metadata
Published Date	2026-09-29T18:01:56.046Z	metadata
Trustworthy	no	metadata
Content	Bitcoin has risen roughly 35% from its August low even as open interest fell 20%, indicating the rally has been driven more by spot demand and deleveraging than by new speculative leverage, according to Glassnode. CryptoQuant separately warned that elevated realized profits may increase near-term correction risk as holders lock in gains. Together, the data point to a healthier market structure but suggest Bitcoin could face consolidation or a pullback if profit-taking intensifies....	content
Citation 1	https://cryptobriefing.com/bitcoin-rises-35-open-interest-falls-glassnode/	source
Citation 2	https://cryptobriefing.com/cryptoquant-bitcoin-correction-profits-peak/	source

Bitcoin rises 35% since August low while open interest drops 20%, Glassnode reports

Sep 29, 2026

price

Bitcoin has risen roughly 35% from its August low even as open interest fell 20%, indicating the rally has been driven more by spot demand and deleveraging than by new speculative leverage, according to Glassnode. CryptoQuant separately warned that elevated realized profits may increase near-term correction risk as holders lock in gains. Together, the data point to a healthier market structure but suggest Bitcoin could face consolidation or a pullback if profit-taking intensifies.

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Sources (2)

https://cryptobriefing.com/bitcoin-rises-35-open-interest-falls-glassnode/https://cryptobriefing.com/cryptoquant-bitcoin-correction-profits-peak/

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