币界网报道:Bitcoin open interest has plunged over 20% as traders rapidly unwind positions amid heightened market volatility, with total futures contracts dropping from $18 billion to $14.2 billion within days. The sharp decline reflects risk-off sentiment following Bitcoin's 10% price correction from recent highs above $45,000. Major exchanges like Binance and OKX saw the most significant liquidations, while analysts note this reset could create healthier market conditions by reducing excessive leverage. The pullback comes as traders reassess expectations around spot Bitcoin ETF approvals and macroeconomic factors, with some viewing the drop as a natural consolidation after the cryptocurrency's 150% rally in 2023.