The cosmos has once again thrown a tantrum, and Bitcoin is the unfortunate soul caught in the crossfire. Altcoins? Well, theyโre probably taking a long, hard look at their life choices. ๐๐ธ
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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. Itโs like a game of Jengaโฆ but with money. ๐งฑ
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 โIโm confidentโ like a 50% drop. ๐
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 โIโm not interested in your chaos.โ ๐คทโโ๏ธ
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 โIโm busyโ like a 100% drop in activity. ๐
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2025-12-13 11:32