Why reduced Bitcoin futures volume may signal the start of a new bull trend
Volume and open interest in Bitcoin futures have been in a steady decline, but this could help catalyze the next rally. Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.Bitcoin futures volume by exchange (September). Source: Digital Assets DataWhile the decline in trading activity could ostensibly seem like a negative metric, it could also indicate that a bull cycle is emerging. Why declining futures market activity could boost Bitcoin priceThe....
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