Summary
- "Bitcoin open interest (OI) on Binance has recorded its lowest level since August last year."
- "Open interest refers to the number of contracts for positions that traders have not liquidated."
- "The decrease in open interest suggests the possibility of reduced volatility in coin prices."
Bitcoin (BTC) open interest (OI) on Binance has significantly decreased.
On the 4th (local time), Glassnode announced via X that "Bitcoin open interest on Binance has recorded its lowest level since August last year."
Meanwhile, open interest refers to the number of contracts for positions that traders have not liquidated in the derivatives market. Generally, the higher the open interest, the greater the possibility of volatility in coin prices.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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