Open interest in crypto-margined Bitcoin futures has collapsed to approximately 12%Bitcoin Open Interest Collapses to 12%.Decrypt · 25 Aug 2026 · 20:16 UTC · read it at the source, down from near-total dominance of the market, according to Decrypt. The decline coincides with a sharp rally in Bitcoin’s price that has squeezed leveraged short positions. CoinDesk characterized the move as a short squeeze of historic proportions, though leveraged traders continue to place substantial new bets despite the reduction in overall open interest.

Sources: CoinDesk, Decrypt

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