Bitcoin Open Interest Drops Below 365-Day Average
Bitcoin derivatives open interest has fallen below its 365-day average as spot demand across major trading venues weakens.
Bitcoin open interest has dropped below its 365-day moving average, according to bloomingbit, indicating a notable contraction in trader positioning as spot demand weakens across the market.
Derivatives Demand Softens
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The drop below the 365-day baseline highlights reduced market participation and a pull-back in leverage. According to bloomingbit, the retreat in open interest coincides directly with softer buying pressure in spot markets, dampening momentum across major derivatives venues.
Key facts
- Bitcoin open interest fell below its 365-day moving average.
- Weakening spot demand is driving the pull-back in leverage.
- The shift reflects broader cooling in trader position sizing.
Source: news.google.com
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