Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.
Bitcoin futures volume by exchange (September). Source: Digital Assets Data
While the decline in trading activity could ostensibly seem like a negative metric, it could also indicate that a bull cycle is emerging.
Why declining futures market activity could boost Bitcoin price
The Bitcoin futures…
Source link
