📉BTC fell below $59,000, but open interest in the futures market remained stable! Block Scholes and Bybit's report pointed out that traders reduced leveraged positions and avoided the risk of forced liquidation. This cautious attitude remained consistent throughout the year, and market participants became more and more mature.
🔍The report also mentioned that TON funding rates changed positively after major market events, indicating a rebound in interest in leveraged positions. The market is bullish on the upcoming US presidential election, and the crypto environment is expected to be favorable after the election.
💬What do you think of this stable performance of the market? Welcome to discuss in the comments section!