Market Volatility Sparks Sharp Decline in BTC Open Interest
Recent data shows BTC open interest has dropped 55% from its all-time high, indicating a significant market adjustment and a shift in investor behavior.
Analysts Highlight Key Implications
Renowned crypto analyst Maartunn noted on X that this is the biggest drop since April 2023, signaling a cooling in market sentiment.
- Increased market volatility observed
- Investors becoming more cautious with leveraged positions
- Rise in number of long-term holders