According to BlockBeats, on January 9, Glassnode posted on the X platform: "BTC futures open interest (OI) shows a decline in speculative momentum. The medium-term trend line (30-day SMA) has peaked and is now slightly down, while the short-term trend line (7-day SMA) has fallen below it. This shows that traders have closed their positions due to market uncertainty."
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Glassnode: Bitcoin futures open interest data shows speculative momentum is declining, traders close positions due to market uncertainty
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