BTC futures demand at lowest since 2024 despite price rebound

Although Bitcoin has rebounded by approximately 10% since last weekend, demand in its futures market has fallen to the lowest level since 2024, according to an analysis by Cointelegraph. Open interest (OI) for BTC futures on major exchanges stands at $32 billion, down 20% from a month ago, with demand for long positions being particularly sluggish. The media outlet suggested that the sluggish OI indicates institutional investor interest has shifted to other markets, such as gold and stocks. However, it added that it is difficult to conclude that institutions have fully exited the market, considering the trading volume of spot ETFs and the BTC holdings of major corporations.