According to Foresight News, data disclosed by blockchain analysis company Glassnode shows that the open interest of Bitcoin perpetual futures in 2024 basically fluctuates between 220,000 and 240,000 BTC. This value usually drops rapidly during deleveraging events and rises during periods of strong speculation, but recently the open interest has risen to the range of 260,000 to 280,000 BTC, indicating that speculative demand has increased since the beginning of June, with Binance, Bybit and OKX accounting for about 84% of the market share.

Previously, when BTC prices fell to the $53,000 region, it led to a meaningful deleveraging event, with many long-biased traders being liquidated near the lows, but the subsequent rebound price recovery was also very strong, returning most short-term holders to unrealized profits, which provided much-needed financial relief for the net positive capital inflows in recent weeks.