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Bitcoin’s futures pile has a problem: less cash to fuel a rebound

DWF Labs' Martin Lee noted that Bitcoin futures open interest stood at 704,000 BTC this week, the highest since Sept. 24, while spot market liquidity continued to thin. Meanwhile, the Treasury's $25 billion 30-year bond...

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Bitcoin’s futures pile has a problem: less cash to fuel a rebound

DWF Labs' Martin Lee noted that Bitcoin futures open interest stood at 704,000 BTC this week, the highest since Sept. 24, while spot market liquidity continued to thin. Meanwhile, the Treasury's $25 billion 30-year bond auction on Nov. 12 drew a 2.36 bid-to-cover ratio, down from 2.54 in October, and cleared at 5.441% against a…

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Bitcoin is showing up inside the Market Structure theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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