Bitcoin Derivatives Flash Caution Signals as Open Interest Slips and Liquidations Rise

Bitcoin is trading at $89,166 per coin at 12 p.m. EST on Jan. 24, 2026, with derivatives markets sending mixed but revealing signals beneath the surface. Futures leverage is easing, options traders remain selectively optimistic, and liquidation data suggests excess positioning is still being worked off. Bitcoin Derivatives Paint a Tense Picture Bitcoin futures open []