Crypto futures open interest hits one-week high

Futures open interest has reached its highest level in a week as traders have opened a wave of short positions while Bitcoin repeatedly fails to break through resistance at the $72,000 level. According to CoinDesk, total crypto futures open interest has reached $112 billion. The top 10 tokens, including BTC and ETH, have all seen their futures open interest increase by more than 4% over the past 24 hours. Meanwhile, Bitcoin's 30-day implied volatility index (BVIV) has fallen for three consecutive days, approaching a weekly low of 53%. This suggests that the geopolitical risk premium is weakening.