Bitcoin futures demand rises even as BTC sells off: What gives?

Despite a decline in Bitcoin’s price, demand for futures contracts reached record levels, reflecting strong engagement among traders.

With put options in favor over calls, investor sentiment remains bearish, as the recent price drop is linked to significant sell-offs by whales.

Open interest in Bitcoin futures climbed to BTC 762,700, demonstrating that traders are not leaving the market, even amidst volatility.