Bitcoin’s Cosmic Cringe: Why the Crypto World Is Now a Black Hole 🌌💸

The cosmos has once again thrown a tantrum, and Bitcoin is the unfortunate soul caught in the crossfire. Altcoins? Well, they’re probably taking a long, hard look at their life choices. 🚀💸

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Crypto futures open interest dropped

The crypto market tanked as the futures open interest dropped by over 1.34% in the last 4 hours to $133 million. Open interest, which is an important indicator of leverage deployed in the market, has been in a downward trajectory in the past few months. It’s like a game of Jenga… but with money. 🧱

It has dropped from a peak of over $255 billion in October, when over 1.6 million were liquidated. In most cases, crypto prices drop when the open interest is falling. Because nothing says “I’m confident” like a 50% drop. 🙃

The open interest drop coincided with volume, which tanked by 15% to $200 billion. That is a sign of weak demand in the crypto market. Weak demand? More like “I’m not interested in your chaos.” 🤷‍♂️

However, on the positive side, it is normal for the crypto market to experience low volume and open interest during the weekend. Because nothing says “I’m busy” like a 100% drop in activity. 🕘

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2025-12-13 11:32