Bitcoin Open Interest Falls 31% as Traders Reduce Leveraged Positions
CryptoQuant data shows a sharp decline in Bitcoin open interest, a pattern often observed during market bottoms.
BTC
Summary
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Terms & Concepts
- Open Interest (OI): The total number of outstanding derivative contracts, such as futures, that have not been settled.
- Deleveraging: The process of reducing borrowed capital or leveraged positions to lower risk exposure in trading.
- Market Bottom: The lowest point of a market cycle before a potential rebound in prices.