Market Speculation Cools Off, Bitcoin Perpetual Open Interest Hits Lowest Level Since August Last Year

BlockBeats News, February 24th, according to Coinglass data, the total open interest of Bitcoin futures contracts on the network is 695,600 BTC, equivalent to about $44.22 billion, hitting a new low since August 2025, a decrease of approximately 53% from the peak of $94.12 billion in October 2025.

Leveraged funds in the derivatives market are significantly decreasing, with overall market participation and speculative enthusiasm cooling off.