Bitcoin Futures Open Interest Dips to a 5-Month Low Amid August Sell-Off

The cryptocurrency market is showing weariness, as indicated by the dwindling open interest in Bitcoin’s perpetual futures contracts. On Binance, the world’s largest cryptocurrency exchange by trading volume, open interest dipped to a 5-month low of $2,796,429,005.85, per a recent Glassnode report.  This contraction in futures activity is leaving traders and investors puzzled, particularly as

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