CryptoQuant: Cryptocurrency market prices and open interest continue to diverge.
According to Mars Finance, CryptoQuant analyst @MAC_D46035 pointed out that there is a persistent divergence between Bitcoin's price and open interest. The analyst stated, "Given that the current market is primarily driven by derivatives, the current upward momentum may be unsustainable if expectations of an interest rate cut weaken before the Fed's FOMC meeting."