Glassnode： Bitcoin futures open interest contract data shows that speculative momentum is declining, and traders are closing positions due to market uncertainty

According to BlockBeats, on January 9th, Glassnode posted on X platform that "BTC futures open interest contracts (OI) show a decline in speculative momentum. The medium-term trend line (30 day SMA) has reached its peak and is now slightly declining, while the short-term trend line (7 day SMA) has fallen below it. This indicates that traders have closed their positions due to market uncertainty