$BTC DERIVATIVES ARE SHOWING A STRANGE DIVERGENCE
Bitcoin Open Interest On Binance Just Hit $4.78B, Surpassing Its May High Of $4.74B As BTC Trades Near $79.4K.
But Rivals Are Still Lagging:
→ Gate: -20.4% Below May High
→ Bybit: -14.3%
→ HTX: -14.3%
This Suggests The Latest Futures Position Rebuild Is Heavily Concentrated On Binance.
OI Includes Both Longs & Shorts, So This Is Not A Directional Signal Yet.
Bitcoin Open Interest On Binance Just Hit $4.78B, Surpassing Its May High Of $4.74B As BTC Trades Near $79.4K.
But Rivals Are Still Lagging:
→ Gate: -20.4% Below May High
→ Bybit: -14.3%
→ HTX: -14.3%
This Suggests The Latest Futures Position Rebuild Is Heavily Concentrated On Binance.
OI Includes Both Longs & Shorts, So This Is Not A Directional Signal Yet.
