“Bitcoin Futures OI Plummets to One-Month Low as Decline Persists – What’s Next?”
Bitcoin (BTC) may be experiencing a decline in investor interest as its open interest (OI) in perpetual futures across significant exchanges has been dropping since May 1. Consequently, OI recently fell to a one-month low. Data from Glassnode shows that bitcoin’s OI on leading exchange Bitfinex has dropped to a one-month low of $133.6 million. […]