Bitcoin futures open interest drops $1.4B as spot buyers return
- —Bitcoin futures open interest fell from $38B to $36.6B
- —Spot CVD flipped from -$102.8M to +$33.2M
- —Hot Capital Share rose from 18.9% to 19.5%
- —Long-side funding payments increased from $926,400 to $1.5M
Why it matters: Lower futures leverage alongside returning spot buyers reduces liquidation risk, though the durability of demand remains unproven.
Source: CryptoSlate