Bitcoin bears pay to bet on further declines as futures positions near yearly lows
- —Bitcoin futures open interest is near its lowest level of the year
- —Demand for leveraged exposure remains weak
- —Remaining market capital is skewed toward bearish positions
- —Bears are paying to bet on further price declines
Why it matters: Sliding open interest and a short-heavy positioning point to low conviction and raise the risk of a sharp squeeze if prices rebound.
Source: CoinDesk