#Bitcoin Futures Speculation Cools Down#

Bitcoin futures market speculative fervor is cooling down. According to Glassnode data, Bitcoin futures open interest (OI) is showing a decline in 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 suggests that traders are cautious about the market outlook and are reducing their risk exposure. This could be due to the recent heightened market volatility and macroeconomic uncertainty. Additionally, tightening regulatory policies may also be leading traders to reduce leverage trading, thereby lowering market speculation. Overall, the decline in speculative fervor in the Bitcoin futures market suggests that the market is entering a more cautious phase, with traders seeking more robust investment strategies.