Market Recalibration? Bitcoin Stabilizes Following Leverage Liquidation and SOPR Change

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BTC-1.067%

Source: Coinmarketcap

Updated: Nov 03 2025

Market Conditions: Open interest in Bitcoin has sharply declined, indicating a flush-out of leveraged positions and a potential stabilization in the market, with Bitcoin currently trading near $110,000.
Trader Sentiment: The Spent Output Profit Ratio (SOPR) is stabilizing around 1.0, reflecting reduced panic selling and a calmer sentiment among traders, suggesting a post-capitulation phase.
Stablecoin Supply: The total ERC20 stablecoin supply has reached a new high of $158.8 billion, indicating that sidelined capital is ready to re-enter the market, which could fuel a future Bitcoin rally.
Technical Analysis: Analysts suggest that while Bitcoin may face volatility, the current market structure aligns with previous reset phases, favoring a bullish recovery rather than a deeper decline.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Market Recalibration? Bitcoin Stabilizes Following Leverage Liquidation and SOPR Change

About the author

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