Bitcoin Stalls Near $82K: Open Interest Drops $2.25B as Funding Turns Negative

TLDR: Bitcoin’s Open Interest dropped $2.255B from May 5 to May 11, a decline of -7.75% overall. The BTC funding rate reached -0.01218343 since 16:00 UTC Monday, pointing to heavy short bias. Garman-Klass volatility fell to 2.79%, signaling a narrowing price range for Bitcoin on May 11. A break above $82,300 with expanding Open Interest [...]

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