[Data: BTC Futures Open Interest Drops to $34 Billion, Hitting New Low Since November 2024] Odaily Planet Daily reports that Cointelegraph posted on the X platform stating that BTC futures open interest has dropped to $34 billion, a 28% decrease compared to 30 days ago, marking the lowest level since November 2024. However, open interest denominated in BTC remains stable at 502,450 BTC, indicating that leverage demand has not changed. Part of the decline is attributed to $5.2 billion in forced liquidations over the past two weeks. Weak U.S. employment data and BTC options skew suggest the market is turning bearish. Data from the U.S. Department of Labor shows that the U.S. economy added only 181,000 jobs in 2025. BTC futures annualized funding rates have remained below the neutral level of 12% for the past four months. Deribit's BTC options delta skew has risen to 22%, indicating a premium for bearish (put) instruments. Despite weak derivatives indicators, the daily trading volume of U.S. spot Bitcoin ETFs reached $5.4 billion, contradicting speculation about reduced institutional demand.