Bitcoin open interest dropped nearly 20% as speculators exited amid a $10,000 price crash from the Trump tariff war.
Concerns about rising inflation, stagflation, and a general slowdown in the global economy could lead to a risk-on environment, forcing more capital into bonds and cash.
Bitcoin prices are subject to intense macroeconomic pressures and geopolitical escalations, impacting risky assets like crypto.
Bitcoin open interest has seen a massive unwinding of leveraged positions, signaling an aggressive flush-out of traders.