Bitcoin Panic Sell-off, Coin-Margined Futures Open Interest Nearing All-Time High
BlockBeats News, June 3rd. This week, Bitcoin has experienced a panic-selling crash under the shadow of the Strategy and the impact of AI fund outflows, dropping over 10% from $74,000 at one point. It has now retraced to consolidate in a low-level range for the year.
Notably, during this period, the Bitcoin perpetual futures open interest has paradoxically risen, now standing at 784,400 contracts, close to a historical high. In response to this phenomenon, Killa, a well-known trader who accurately predicted the peak of the bull market in May 2025, stated, this often signals a key top or bottom and deserves close attention.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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