Bitcoin open interest dropped by 17.8% in the past week, reflecting cautious sentiment among leveraged traders.Historically, such declines in open interest have preceded major market rebounds as speculative leverage is flushed out of the system.Long-term holders and whales continue to accumulate Bitcoin aggressively, indicating high conviction even during price increases.The widening gap between retail and whale realized capitalization suggests the growing role of high-capital investors in the market.