Bitcoin Open Interest Records Sharpest Decline Since 2022

The assessment is based on strong, direct evidence from the most relevant and authoritative sources provided. The Bitget News article, a market analysis from a cryptocurrency exchange, directly and explicitly supports the statement, asserting that Bitcoin's open interest experienced its "largest 30-day drop at a pace not seen since the 2022 bear market." The credibility of this claim is enhanced by its citation of data from CryptoQuant, a respected analytics firm.This primary evidence is strongly corroborated by another credible source, the Ukrainian news agency UNN. This article confirms both the timeframe and the nature of the event, stating that Bitcoin is facing its "worst month since June 2022" and that "open interest in perpetual futures has fallen significantly." Furthermore, the newsletter from Checkonchain, a reputable on-chain analytics provider, confirms the underlying cause by discussing a recent "leverage flush out," which is a rapid decline in open interest.While several other high-authority sources (Reuters, Yahoo Finance, CBS News) were provided, they are not relevant to the specific claim about open interest, as they focus exclusively on Bitcoin's price movements. The remaining sources have low authority or relevance and do not meaningfully contribute to the assessment. Crucially, no source contradicts the statement. The convergence of a direct, data-backed claim from a highly relevant source with strong contextual support from other credible sources makes the statement very likely to be true.