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Short-Term BTC Holders Quit, CME Open Interest Slid by Record During Monday's Price Drop

As observed by many metrics, Monday's capitulation in bitcoin looks like a textbook local bottom.

Jan 28, 2025, 10:47 a.m.
Chart of one-day change in CME bitcoin open interest. (Glassnode)
One-day change in CME bitcoin open interest. (Glassnode)