๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ข๐ฝ๐ฒ๐ป ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐๐ฟ๐ผ๐ฝ๐ ๐๐ผ 2024 ๐๐ผ๐๐ โ ๐๐ ๐ง๐ฟ๐ฎ๐ฑ๐๐ถ ๐ฆ๐๐ฒ๐ฝ๐ฝ๐ถ๐ป๐ด ๐๐ฎ๐ฐ๐ธ?
Bitcoin futures open interest has declined to $34 billion, marking its lowest level since late 2024. The 28% monthly drop has raised concerns about weakening investor demand and a possible retest of the $60K support zone.
๐ Key Market Insights:
โข Open interest down 28% in USD terms
โข BTC-denominated OI remains stable (~502K BTC), suggesting leverage demand hasnโt fully disappeared
โข $5.2B in liquidations over the past two weeks
โข Options delta skew surges to 22%, signaling bearish positioning
Meanwhile, traditional markets show relative strength:
โข Gold holds strong near psychological highs
โข S&P 500 trades close to record levels
โ ๏ธ Macro Pressure Builds
Weak US jobs data has added uncertainty, shifting trader focus toward macroeconomic risks and potential Federal Reserve policy adjustments.
Despite derivatives weakness, US-listed Bitcoin ETFs continue averaging $5.4B daily volume, suggesting institutional activity has not fully faded.
๐ Market sentiment remains cautious, and BTCโs next major move may depend on clearer macroeconomic signals.
#Bitcoin #BTC #CryptoMarket #Openinterest #MarketAnalysis #TradFi ๐$BTC
