Analysis: Bitcoin rebounded to $93,000, but open interest for both BTC and ETH contracts on the CME Group declined.

Odaily Planet Daily reports that the cryptocurrency market has seen a much-needed rebound, with Bitcoin prices rising 6.6% in the past 24 hours to $93,000. However, on the Deribit platform, put options on BTC and ETH are still trading at higher prices than call options. Furthermore, open interest in CME Bitcoin futures fell to 121,670 contracts, the lowest level since February 2024, while Ethereum futures open interest also decreased, falling to 1.95 million ETH, the lowest level since September. (CoinDesk)