Crypto Open Interest Plummets Following Fed Decision -- Market Talk

Dow Jones00:27

1227 ET - Open interest in derivatives for bitcoin and ethereum -- the two leading cryptocurrencies -- trading on Binance saw a "sharp leverage reset", says Amr Taha of CryptoQuant in a note. After the announcement of the interest rate staying unchanged, bitcoin open interest fell 18% and ethereum open interest fell 25%, says Taha. "The simultaneous decline across both BTC and ETH suggests a broader reduction in risk appetite across Binance's derivatives market," says Taha. "Traders likely chose to close positions before and after the Fed announcement rather than carry leverage into a potentially volatile market reaction." Risk reduction has continued into today, with bitcoin down 2.9% to $62,463 and ethereum down 3.6% to $1,683. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 12:27 ET (16:27 GMT)

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After the announcement of the interest rate staying unchanged, bitcoin open interest fell 18% and ethereum open interest fell 25%, says Taha. \"The simultaneous decline across both BTC and ETH suggests a broader reduction in risk appetite across Binance's derivatives market,\" says Taha. \"Traders likely chose to close positions before and after the Fed announcement rather than carry leverage into a potentially volatile market reaction.\" Risk reduction has continued into today, with bitcoin down 2.9% to $62,463 and ethereum down 3.6% to $1,683. 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After the announcement of the interest rate staying unchanged, bitcoin open interest fell 18% and ethereum open interest fell 25%, says Taha. \"The simultaneous decline across both BTC and ETH suggests a broader reduction in risk appetite across Binance's derivatives market,\" says Taha. \"Traders likely chose to close positions before and after the Fed announcement rather than carry leverage into a potentially volatile market reaction.\" Risk reduction has continued into today, with bitcoin down 2.9% to $62,463 and ethereum down 3.6% to $1,683. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2026 12:27 ET (16:27 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HYG","symbol_name":"债券指数ETF-iShares iBoxx高收益公司债","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644108052","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644108052","pubTimestamp":1781800020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1227 ET - Open interest in derivatives for bitcoin and ethereum -- the two leading cryptocurrencies -- trading on Binance saw a \"sharp leverage reset\", says Amr Taha of CryptoQuant in a note. 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After the announcement of the interest rate staying unchanged, bitcoin open interest fell 18% and ethereum open interest fell 25%, says Taha. \"The simultaneous decline across both BTC and ETH suggests a broader reduction in risk appetite across Binance's derivatives market,\" says Taha. \"Traders likely chose to close positions before and after the Fed announcement rather than carry leverage into a potentially volatile market reaction.\" Risk reduction has continued into today, with bitcoin down 2.9% to $62,463 and ethereum down 3.6% to $1,683. (kirk.maltais@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2026 12:27 ET (16:27 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644108052","isCrawlerRequest":true}