It is worth noting that while the price of Bitcoin is declining, the open interest (OI) of Bitcoin futures at the Chicago Mercantile Exchange (CME) has suddenly decreased significantly, indicating a waning interest from institutional investors in leveraged exposure to Bitcoin. According to data from CoinGlass, CME’s open interest has dropped from nearly $6.4 billion, close to its historical high on January 12th, to approximately $4.5 billion.
