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Ayesha

8 h fa

Bitcoin’s Open Interest suggests… Despite the mas

Bitcoin’s Open Interest suggests…
Despite the massive asset withdrawal, BTC’s price remains sideways. According to CoinMarketCap, BTC was trading at $93,050 at press time and recorded a slight 0.05% increase over the past 24 hours.

With the price moving sideways, market participation has declined notably, as reflected in Trading Volume, which dropped by 21% to $70.16 billion.

Bitcoin’s Open Interest (OI) has mirrored its price, showing only minor movement, according to data from derivatives platform CoinGlass. 

Total BTC futures OI fell 0.70% in the past 24 hours to $60.19 billion, signaling reduced trader activity and lower leverage as participants await clearer market direction

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