Editor's PiCK
Bitcoin Open Interest Slows Down... "Increased Possibility of Profit-Taking"
Son Min
Summary
- It was reported that Bitcoin perpetual futures open interest is slowing down, suggesting that traders are starting to take profits.
- The slowdown in open interest growth indicates that traders have started to realize profits on Bitcoin.
- Bitcoin is trading at $108,925, down 0.13% from 24 hours ago, according to Binance USDT market.
The increase in Bitcoin (BTC) perpetual futures open interest (OI) is slowing down, with analysis suggesting that traders are starting to take profits.
On the 28th (local time), Matrixport reported that "Bitcoin open interest has surged since April, aided by U.S. President Donald Trump's tariff easing policy," but "recently, the growth in open interest has slowed." It added, "This suggests that traders have started to realize profits on Bitcoin," and "they seem to be aiming to re-enter at lower price levels."
As of 4:13 PM, Bitcoin is trading at $108,925, down 0.13% from 24 hours ago, according to Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
