In the past two weeks, I've been paying a lot of attention to open interest data. This data provides insight into the current market dynamics among investors. First, looking at BTC's open interest, we can see that although BTC's price has been primarily trending downward over the past two weeks, open interest hasn't shown a clear weakening trend. On the contrary, it's been fluctuating upward, indicating that the long-short battle is intensifying. Investors are starting to increase leverage on BTC, which could lead to greater price volatility. This isn't exactly an optimistic signal. As for ETH's open interest, while it's still at historically high levels, we can see that as ETH's price has dropped, open interest has also decreased over the past two weeks. This suggests that leveraged positions in ETH are gradually weakening. However, since the levels were already high, the decline is happening slowly. Currently, ETH's leverage remains elevated, but if it continues to decrease, it could be beneficial for ETH's long-term growth. This post is sponsored by Bitget ｜ @Bitget_zh