Bitcoin open interest hits lows not seen since 2024: Is TradFi abandoning BTC?

Bitcoin open interest hits lows not seen since 2024: Is TradFi abandoning BTC?

Bitcoin open interest falls to $34 billion as investor demand dries up and traders’ concerns shift to worrying US macroeconomic data. Is TradFi exiting BTC?

Key takeaways:

BTC open interest falls to $34 billion, but stable BTC-denominated volume suggests leverage demand remains unchanged.

Weak US jobs data and Bitcoin options skew indicate a bearish shift, even as gold and stocks show relative strength.

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