Bitcoin bearish bets rise as futures open interest nears yearly lows

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Demand for leveraged exposure to Bitcoin remains subdued, with futures open interest approaching its lowest levels of the year. Despite the overall decline in market participation, the capital still active in futures markets appears to be skewed toward bearish positions. This suggests that traders who remain engaged are largely betting on further price declines. The trend reflects a broader lack of bullish conviction among leveraged traders in the current market environment.

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