Binance’s Open Interest Signals Short-Term Caution for Bitcoin

A new report from CryptoQuant suggests that the recent surge in Bitcoin price may face short-term headwinds. This comes as key on-chain indicators raise concerns about potential market volatility. While BTC is approaching its all-time high of $110,000, Binance’s Open Interest has not matched this upward movement. This divergence signifies a decline in futures market participation despite continued price momentum, suggesting a lack of strong conviction from leveraged traders.