#Gate.ioSquare



Latest data shows Open Interest has fallen to $350.6 million, dropping to one of the lowest levels in recent months. This decline indicates that open positions in the futures market are being closed and leveraged traders are exiting the market. Under normal conditions, this could reduce selling pressure. However, the chart also shows that Market Cap has dropped to $10.89 billion, revealing that not only leverage but also capital is leaving the market. In other words, although positions are being closed, there is no significant new capital flowing in.

$BTC
BTC2.95%
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