The current #Bitcoin Open Interest (OI) of All Exchanges has been declined to 14.695B from 18.275B which was its record high in Mar 24
This is a big decline and it’s good for the market. When OI decreases, it indicates future contract/ positions are being closed, less volatility in the derivative market, therefore $BTC will be more stable in this period
When $BTC is stable and goes sideways for a while, #Altseason2024 would raise ✨
