#Bitcoin Futures Speculation Cools Down#

Bitcoin futures market speculation has cooled down, mainly due to market uncertainty leading traders to close positions. Data from Glassnode shows that the Bitcoin futures open interest (OI) indicator reflects declining speculative momentum. The medium-term trendline (30-day SMA) has peaked and is now slightly declining, while the short-term trendline (7-day SMA) has broken below it. This indicates that traders are closing positions due to market uncertainty. This trend is also reflected in the movement of BTC futures open interest (OI), where the medium-term trendline (30-day SMA) peaked and then declined slightly, while the short-term trendline (7-day SMA) has broken below the medium-term trendline, indicating that traders are closing positions in response to uncertain market conditions.