Bitcoin maintains its resilience even amid falling gold and silver prices, indicating a growing risk appetite among investors, analysts at CryptoQuant note.
This is reported by Finway
Increase in Liquidations in the Crypto Market
Despite Bitcoin’s price experiencing a smaller decline compared to gold and silver, the cryptocurrency market has seen a record number of long position liquidations. The largest liquidations occurred on the Hyperliquid platform — over 87 million USD. In comparison, on the Binance exchange, this figure reached around 30 million USD.
“This underscores that many investors continue to seek market exposure through high levels of leverage, which creates sudden spikes in volatility often exacerbated by cascading liquidations. The appetite for risk remains evident, despite the events of October 10, which previously led to a massive destruction of liquidity and capital in the market,” experts explained.
Open Interest on Binance Rises Again
Analysts note that despite the recent decline, open interest on the Binance exchange continues to increase. Currently, this figure exceeds 123,000 BTC, which is over 31% higher than the lows recorded before October 10, 2025 (93,600 BTC). Such dynamics indicate a return of investors to more risky strategies, CryptoQuant emphasizes.
It is worth reminding that on October 10, 2025, the cryptocurrency market experienced the largest wave of liquidations in history — over 19 billion USD.
Open interest in Bitcoin. Data: CryptoQuant.
Previously, experts had made predictions regarding a possible rise in Bitcoin following a period of active price increases in precious metals.