The Bitcoin futures world in the financial markets is seeing a massive shift with a $10 billion decrease in open interest. It's like a market reset, which could mean smoother sailing ahead.
Exchanges are recalibrating, hinting at future price rebounds for Bitcoin, according to data from CryptoQuant. Historically, such changes have opened up good short to medium-term opportunities.
Stablecoin reserves are rising but aren't boosting the market significantly yet, signaling potential challenges. Until the dust settles, cautious trading is advised.