Bitcoin Traders Return to Market as Deleveraging Phase Ends: Binance Open Interest Rises Above Average
— NewsBTC
Bitcoin traders are returning to the market after an eight-month deleveraging phase.
Bitcoin traders are returning to the market after an eight-month deleveraging phase, with Binance futures open interest now above its 180-day average.
- Traders are re-entering the market after an eight-month deleveraging period.
- Binance futures open interest rose from $6.4 billion in March to $8.96 billion.
- The increase in open interest is contributing to Bitcoin's upward correction.
The end of the deleveraging phase could positively impact Bitcoin's price movements; however, worsening macro conditions could reverse this trend.