BTC Open Interest Up 6.46% in 24h

Rising open interest matters less as a directional signal than as a measure of how much leverage is now stacked into the market. The notable detail is that this build-up is happening alongside price action that the item does not specify, which makes the positioning itself the story rather than any trend. Whether this leverage unwinds through gradual de-risking or a sharper squeeze is the open question worth watching.