The open interest of Bitcoin contracts across the entire network has reached the highest point since October 2022, which is also the second highest point since June 2022.
The position fell shortly after the high point on June 9, 2022.
About a week after the high position occurred on October 27, 2022, the market fell.
Is this round going up or down?
High contract open interest means large fluctuations, but it does not indicate direction.