🚨 Bitcoin’s latest rally came with less leverage.

Bitcoin’s latest ~22% rally was accompanied by a decline in coin-denominated open interest, which fell to a one-month low, according to Santiment.

Why It Matters:
The combination of rising Bitcoin prices and lower open interest suggests the move was driven with less leverage, potentially reducing the risk of excessive leveraged positioning behind the rally.

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Source: Santiment

$BTC