
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.
Connect your Solana wallet or learn more about CryptoSlate Alpha. This story is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership designed to give you access to the latest information and insights, built in partnership with Access Protocol. Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. For details, see our terms page.