#Bitcoin Open Interest Sees $1.2 Billion Drop in Just 48 Hours

In the last two days, Bitcoin's open interest has decreased by approximately $1.2 billion. This decline isn't the result of a single liquidation event but rather a gradual unwinding as traders steadily close their positions with each dip in price. While not as abrupt as a sudden crash, this ongoing reduction can inflict more prolonged pain in the market.

#SOFR_Spike #US_Job_Market_Slowdown #BTC