Bitcoin open interest plummets to a 6-month low

Bitcoin’s (BTC) open interest has dramatically declined during the cryptocurrency’s month-long price slide, witnessing its sharpest 30-day drop this cycle, according to November 24 metrics Finbold reviewed from on-chain and market data analytics CryptoQuant. The flagship cryptocurrency has lost roughly 20% over the past month and more than 30% since hitting a record above $126,000 in early October, trading at around $86,100 at press time.  Weeks of declining prices have, in turn, triggered waves of Bitcoin liquidations, forcing traders to double down or recalibrate their positions. At the same time, sentiment appears to be shifting, with many investors now stepping back from futures markets to limit risk source: https://finbold.com/bitcoin-open-interest-plummets-to-a-6-month-low/