🎙 Glassnode reports that the perpetual market has actually cooled down

📉 Open interest in BTC perpetual has not recovered since the drop on October 10, remaining below 310,000 BTC, which looks weak compared to the peak of over 380,000 BTC

📊 This shows a sharp decline in speculative activity

🔽 The funding rate continues to decline, indicating that traders no longer believe in further growth

💵 The long premium over 30 days has fallen to 28.1 million per month, while in August it was 112.7 million, which looks like a serious collapse of sentiment

🗣️ Minus 75 percent, the market has literally thrown out aggressive long positions

😶 Speculative demand for futures has almost disappeared; participants are behaving extremely cautiously and are not ready to take risks until stronger signals for growth appear

🟣🟢🟠

#BNB #BTC #ETH