The 30-day Open Interest delta across all exchanges is starting to decline.

This indicates that, as the year-end approaches, investors are closing their positions.

Historically, a drop in Open Interest is associated with price declines.

However, we must monitor it closely, as within 24 hours, $1.7 billion returned to leverage, according to the daily Open Interest delta.

This contributed to BTC returning to the $101k range. If more interest returns in the coming days, it is likely that BTC will continue its upward trend, and the 30-day delta will stop falling.

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