Open Interest (OI) for Bitcoin futures on a regulated exchange CME It gradually stabilizes after a long fall. This is proven by CFTC data.

The chart below shows that the downtrend started in late October and ended in early March.

Long-term hedge funds and other major players (Non-Trade) are increasingly dominating short-term ones. Previously, this category was dominated by short positions.

Shorts for small players began to dominate over long ones. Although the unreported are generally optimistic compared to other larger market participants.

Among several institutions, the number of open positions is increasing.

The total number of participants in bitcoin futures traded on the CME is growing steadily.

Against the background of changes in the Bitcoin futures market, the fear index has been at extremely low levels since the beginning of May.

The RSI indicator on the weekly chart has approached the oversold zone.

Based on the above factors, a recovery or even trend reversal is likely in bitcoin price soon.

Glassnode analysts had previously pointed out the ongoing uncertainty in the cryptocurrency market.