Following the “1011” crash, the open interest in futures contracts for major cryptocurrencies has reached a six-month low throughout the entire market. This decline indicates a significant reduction in market participation among traders and investors. Many market observers believe that this low open interest could reflect a lack of confidence in the current trading environment. Positioning in futures contracts serves as a critical indicator of investor sentiment and market dynamics. A sustained low open interest may suggest caution among market participants, impacting overall trading volumes and liquidity across the cryptocurrency landscape.
