BTC Price continues holding above the monthly open while open interest keeps cooling off. At the same time, funding rates remain positive, showing that traders are still leaning bullish despite momentum slowing down overall. The decline in open interest suggests that leverage is getting flushed out of the market, which generally creates a healthier structure for price. However, the sharp decrease in spot volume also shows that conviction behind the current bounce remains relatively weak for now. As long as BTC holds above the monthly open while open interest continues cooling off, another push higher remains possible.(Max Trades)