📉 Bitcoin Futures Open Interest Update

A few days ago, #Bitcoin Futures OI experienced a sharp increase, spiking up to the +1 standard deviation (+1sd) level on both @cryptoquant_com and @_checkonchain charts. 

Since then, we've seen a full retracement of that pump, bringing OI levels back down to the middle threshold on both charts.

What does this mean? 🔍

The retracement suggests a cooling off in leveraged positions. Traders may be changing exposure, which could pave the way for either further consolidation or a potential new trend.

💡 What to Watch Next:

If OI begins climbing again, especially toward the upper bands, it could signal a focus on leveraged trades and potential volatility. Further declines could lead to more spot-driven market activity.
#Market #OpenInterest #Trading #Crypto
#Bitcoin #Market #OpenInterest #Trading #Crypto