Bitcoin open interest hits lows not seen since 2024: Is TradFi abandoning BTC? - Source: CoinTelegraph

Key takeaways:

• -BTC open interest falls to $34 billion, but stable BTC-denominated volume suggests leverage demand remains unchanged.

• -Weak US jobs data and Bitcoin options skew indicate a bearish shift, even as gold and stocks show relative strength.

Bitcoinprice has struggled to sustain levels above $72,000 for the past week, leading investors to question whether institutional demand has evaporated. The aggregate Bitcoin futures open interest plummeted to its lowest level since November 2024, fueling fears of a retest of the $60,000 support amid growing uncertainty.

Story continues: https://cointelegraph.com/news/bitcoin-open-interest-hits-lows-not-seen-since-2024-is-tradfi-abandoning-btc