Bitcoin Open Interest Plummets to $70.16 Billion: Market Shifts Signal Change

Bitcoin open interest has witnessed a significant decline, dropping to $70.16 billion. This dramatic decrease is signaling crucial changes in the market landscape as of June 2025. The reduction in open interest reflects reduced market leverage and points to shifting trading dynamics within Bitcoin. CME Group and Binance remain dominant players in the BTC derivatives market, holding considerable influence despite a lack of public statements from their CEOs regarding this event.