The total open interest of Bitcoin contracts across all exchanges has decreased by about 30% from its peak this year, signaling a reduction in liquidity and speculative activity. This decline suggests that fewer traders are engaging in Bitcoin contracts, which may impact market dynamics. A drop in open interest often indicates a decrease in trading volume and interest among investors. As liquidity diminishes, it could lead to increased volatility in Bitcoin prices. The current trend reflects changing market conditions and trader sentiment regarding Bitcoin.
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