2日前
Bitcoin rebounds from $60K as Open Interest drops 6% despite positive funding
Bitcoin rebounded about 3.7% from the $60K area after dipping to roughly $60.5K on June 5 and recovering to around $62.7K by June 8. Over the same stretch, futures open interest declined 6% from $1.65B to $1.55B while funding stayed positive, pointing to a move fueled more by short covering than by new leveraged longs. Key confirmation to watch is whether open interest begins rising alongside price while buy-side taker flow remains positive.