Bitcoin Futures Open Interest Slips To $7.68 Billion As Traders Keep Funding Positive
TL;DR: A Saturday derivatives snapshot showed Bitcoin open interest at $7.68 billion, down 0.69% in 24 hours. Funding remained positive, but the data does not establish that traders have finished reducing leverage. Bitcoin‘s derivatives market is heading through the weekend with slightly less leverage outstanding, though not with an outright bearish positioning signal. A market snapshot at 11:00 UTC on Saturday,…
Story summary
TL;DR: A Saturday derivatives snapshot showed Bitcoin open interest at $7.68 billion, down 0.69% in 24 hours. Funding remained positive, but the data does not establish that traders have finished reducing leverage. Bitcoin‘s derivatives market is heading through the weekend with slightly less leverage outstanding, though not with an outright bearish positioning signal. A market snapshot at 11:00 UTC on Saturday,…
Follow the latest stories from trusted publishers with concise summaries. Open the original source link for details.