CoinScoopBitcoin Price Decouples from Open Interest as Leverage Unwinds
Bitcoin experienced a price increase of approximately $3,000, rising from $77,300 to $81,300 between September 3 and September 6. During this period, open interest declined by 21,042 BTC over three days. The price rise despite the deleveraging indicates a decoupling between price action and open interest, suggesting that the rally was not hindered by the reduction in leveraged positions.
Summaries are written by AI from the original article. Not investment advice.