๐Ÿ’ฐ BTC Open Interest vs Market Capitalization



Open interest in #BTC as a percentage of market capitalization remains below 2% โ€”far from the January peak.

๐Ÿ”ฅ What does this mean?

During the last two weeks, the price has risen while the open Interest has decreased.
โžก๏ธ Pure spot demand.
โžก๏ธ Less leverage.
โžก๏ธ Organic, healthy movement with a real basis.

This is what makes the difference between a sustainable rally and one manipulated by derivatives.

๐Ÿ’ก The fundamentals are aligned. Don't let it catch you sleeping.
BTC1.49%
POR0.61%
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