According to @glassnode, Bitcoin (BTC) futures open interest remains muted after October’s leverage flush with little sign of new speculative build-up, source: https://glassno.de/47Ksfup and https://x.com/glassnode/status/1980569106509082727. Derivatives activity has slowed materially, mirroring a broader backdrop of subdued market sentiment, source: https://glassno.de/47Ksfup and https://x.com/glassnode/status/1980569106509082727.