On February 24, according to Coinglass data, the total open interest in Bitcoin futures contracts across the entire network was 695,600 BTC, approximately $44.22 billion, hitting the lowest level since August 2025. This is about a 53% decrease from the peak of $94.12 billion in October 2025. Leverage in the derivatives market is significantly decreasing, and overall market participation and speculative enthusiasm are cooling down.
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Market speculation enthusiasm cools down, and the total open interest in Bitcoin contracts across the entire network hits a new low since August 2025.
On February 24, according to Coinglass data, the total open interest in Bitcoin futures contracts across the entire network was 695,600 BTC, approximately $44.22 billion, hitting the lowest level since August 2025. This is about a 53% decrease from the peak of $94.12 billion in October 2025. Leverage in the derivatives market is significantly decreasing, and overall market participation and speculative enthusiasm are cooling down.