Why reduced Bitcoin futures volume may signal the start of a new bull trend

Cointelegraph

Published Oct 01, 2020 07:44PM ET

Updated Oct 01, 2020 09:20PM ET

Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.

While the decline in trading activity could ostensibly seem like a negative metric, it could also indicate that a bull cycle is emerging.

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