Bitcoin Futures Open Interest Drops to $52 Billion as Traders Retreat
AI summary
Bitcoin futures open interest fell 1.88% to $52.04 billion as BTC dropped nearly 5% to $75,783 on Friday, Nov. 6, 2026. Coinglass data shows traders cutting exposure across major derivatives exchanges, while options show a divergence: calls dominate open positions but puts lead trading volume. Declining leverage and put-heavy flow suggest traders are hedging or de-risking, which matters for near-term volatility around November and December expirations.
