Bitcoin Futures Open Interest Drops $1.4B as Spot Demand Turns Positive

Key Facts

1Bitcoin open interest fell by $1.4 billion to $36.6 billion in the week ending October 4.

2Spot cumulative volume delta shifted from negative $102.8 million to positive $33.2 million.

Bitcoin futures open interest fell by $1.4 billion to reach $36.6 billion in the week ending October 4, 2026. TokenPost reported that this 3.8% decline occurred alongside a significant shift in spot market activity, where the spot cumulative volume delta moved from negative $102.8 million to positive $33.2 million.

The data suggests a transition toward spot-driven demand and a reduction in derivatives leverage, which is often viewed as a stabilizing factor for market structure. According to TokenPost, payments made by traders holding long positions in perpetual futures rose to $1.5 million from $926,400, indicating sustained interest in bullish exposure despite the contraction in total open interest.