Open interest in Bitcoin ($BTC) futures has been fluctuating quite a lot recently. At last count, it was at $34.5 billion, down quite a bit from its previous highs. We did see a brief recovery where it was at $33.8 billion on April 3, and then it hopped back up to $34.5 billion, but, on the whole, the direction it has been headed lately is down. This also means that traders are adding less and less risk to their Bitcoin futures positions. The sustained recovery does not present a change in the nearly three-month downward trend of reducing leverage and
The post Bitcoin Futures Open Interest Declines Amid Market Uncertainty, but Speculative Activity Shows Signs of Renewed Interest appeared first on The Merkle News.
