The total open interest of BTC futures in the entire network is 39.55 billion US dollars!

The good news is that after the correction in the past few days, a lot of open interest has been cleared, and the risk has been reduced;

The bad news is that the current price is 68,000, which is still 6,000 US dollars away from the ATH, but even if the open interest has dropped by 1 billion, it is still higher than the total open interest at the ATH;

In general, when it was 69,500 before, such a high open interest made the risk of "extreme liquidation market" higher, but now the risk has been reduced a lot;

I personally still hope that the open interest can be reduced to around 35 billion, and the price can be maintained above 66,000, so that the futures can continue to pull the market, and it doesn't matter whether the spot buying comes or not.