BTC Open Interest Drops $7B in the Last 7 Days! 📉

Over the past 7 days, Bitcoin's Open Interest has declined by -$7.4B, with all exchanges showing a drop—except for Bitfinex, which saw a slight increase. This Monday's volatility was driven by the massive liquidation of leveraged positions.

💡 Interesting Fact: Despite this sell-off, the aggregated Funding Rate remains positive, indicating that long positions still dominate at the current price level.

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