Despite its recent rally over $28,000, Bitcoin's market cap has been significantly lower than traditional market trends, with open interest, as a percentage of Bitcoin's market cap, approaching an annual low. This remarkable contraction in speculative trading amidst bullish momentum raises fascinating questions. Are traders becoming more cautious? Are they expecting a price correction in the next few months? However, some interesting things are happening beneath... A shift that could be reshaping the very dynamics of the Bitcoin market.
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