Bitcoin futures open interest fell to 38% of the market, the lowest level in nearly two years

According to CoinDesk, Coinalyze statistics show that the market share of open positions in Bitcoin futures has dropped from 50% to 38% in the past two months, the lowest level in the past two years. Coinalyze said: "It seems that 'all' funds are now entering altcoins (alt), which explains why BTC's dominance in open futures positions has declined." The data shows that the risk appetite in the crypto market has increased, which is usually a normal situation after a significant rise in Bitcoin.