Overall demand for leveraged exposure remains weak, marked by sliding futures open interest. The capital that's still in the market appears skewed toward bearish positions. Bitcoin is trading around $82,800, down more than 2% in 24 hours. Perpetual funding has turned negative and open interest has fallen to 652,000 BTC, suggesting traders are closing positions as sentiment weakens. Gold has dropped to around $4,150 an ounce, while the dollar index is above 101. Capital is fleeing the bitco…
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