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Bitcoin Open Interest Plummets: What History Says Could Happen Next

  • Bitcoin Open Interest has seen a sharp drop, indicating a decrease in fresh positions and more calmer price action.
  • The 7-day change in Bitcoin Open Interest has decreased by 17.8%, leading to large liquidations in the market.
  • Historical trends suggest that similar crashes in Open Interest have previously signaled a bottom for Bitcoin, potentially presenting a buying opportunity.
  • Futures volume on derivatives exchanges for Bitcoin, Ethereum, XRP, and Solana has increased recently, indicating a return of speculative interest.

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