Bitcoin open interest falls to $34 billion as investor demand dries up and traders’ concerns shift to worrying US macroeconomic data. Is TradFi exiting BTC?
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.
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Author: Marcel Pechman
