K33 Research: BTC open interest decreased by 49,000 contracts in 7 days, with active profit-taking replacing forced liquidation

K33 Research Research Director Vetle Lunde analyzed that in the past 7 days, the total open interest of CME and perpetual contract BTC decreased by 49,000 contracts, marking the largest weekly decline since October 2025, during which market volatility was low and funding rates continued to decline.

Unlike previous significant reductions in positions that were accompanied by forced liquidations, this round of deleveraging is more akin to proactive profit-taking, with overall market sentiment trending towards rationality.