Bitcoin Derivatives Market Tanks as Open Interest Hits Multi-Month Lows
Bitcoin open interest fell from 381,000 BTC at the cycle peak to multi-month lows across all exchanges. The 21% BTC price rebound came with a 22% OI drop, a sign that shorts closed, not new buyers stepping in. Binance, Bybit, and BitMEX all show sustained OI declines, pointing to broad risk-off behavior in crypto
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