The decline in open interest from high levels since the end of March indicates that market leverage has declined and investors' tolerance for risk is decreasing. The reduction in positions combined with a potential wave of liquidations means that the BTC market may face further volatility, especially when prices reach certain liquidation trigger points.

Such a decline in open interest may also be seen as a signal of market stability, reducing leverage to avoid potential liquidation losses during large fluctuations. #美国二季度核心PCE符合预期 #美国8月核心PCE创4月以来新高 #美联储11月降息预期升温 #美国比特币现货ETF累计净流入创新高