- Declining retail demand exposes Bitcoin, Ethereum, and XRP to further losses:
Demand for Bitcoin has remained largely weak since the October 10 crash, with the average open interest in futures contracts at $59.64 billion on Friday, down from $60.13 billion the day before, and $66.17 billion on January 15.
The OI index represents the nominal value of outstanding derivative contracts. CoinGlass data indicates that demand for Bitcoin derivatives pushed the OI index for futures contracts to a record high of $94.12 billion in October. Bitcoin reached an all-time high of $126,199 on October 6, con
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