Bitcoin’s Open Interest Plummets, Triggering Market Reset Across Major Exchanges

Bitcoin witnessed a substantial decline in its open interest, dropping over $9 billion across leading exchanges. This significant reduction marks the largest such event this cycle, reflecting traders’ move away from leveraged positions amid market volatility. Analysts suggest this retreat is a natural correction phase, paving the way for a more stable market environment in the future. Binance, Bybit, and Gate.io all reported substantial losses in open interest as leverage rebuilding slowed across the trading landscape. The decline suggests that trader confidence remains subdued as they carefully reassess their risk exposure.