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Bitcoin Cools Off After Flirting with Overheated Futures Market Bitcoin

The Bitcoin cools off as market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin’s open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased volatility.

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Open Interest and the Overheating Signal

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