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CryptoMarkets

breaking

Bitcoin Eyes New August Lows as Binance Longs Face a ‘Cleanout’

Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs.

Cointelegraph by William Suberg

Publisher Cointelegraph

Aug 14, 2026 at 10:43 AM UTC · 2 分钟阅读

Bitcoin Eyes New August Lows as Binance Longs Face a ‘Cleanout’
Image via Cointelegraph

Entities

bitcoin, binance

Market Impact

BTC+6.72%$72,752

Last Updated

6 天前

翻译中…

Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming.

Key points:

  • Bitcoin long positions face multiple threats as BTC price action heads toward new August lows, analyst warns.
  • The correlation between Binance open interest and price reached 0.25 on Thursday as both fell.
  • The Bitcoin bull market is not ready to make a comeback, CryptoQuant CEO Ki Young Ju says.

Bitcoin longs feel the squeeze as price drops

Insights published on onchain analytics platform CryptoQuant by community analyst “BorisD” on Thursday suggest that leveraged long BTC positions are being flushed out as BTC/USD targets month-to-date lows.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView


The analysis focuses on the relationship between price and open interest (OI) on Binance. OI represents total active derivative positions, both long and short, and reflects capital commitment in a given market. 

While price has traded in a narrow range since June, CryptoQuant data show that Binance OI has gradually increased, reaching $8.15 billion on Wednesday as futures increasingly steer the market while spot traders sit on the sidelines

Bitcoin open interest on Binance. Source: CryptoQuant

Market Context

Bitcoin

BTC

$72,752

+6.72% (24H)

Market Cap

$1.46T

24H Volume

$51.0B

24H High

$72,859

View Bitcoin Market Page

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