According to André Dragosch, PhD (@Andre_Dragosch) on Twitter, recent data shows a significant decline in Bitcoin open interest, indicating a sharp drop in leveraged positions across major crypto exchanges. This is considered a bearish signal for short-term traders, as rapid unwinding of positions often leads to increased volatility and potential price corrections. Dragosch's analysis highlights heightened risk for Bitcoin holders and may prompt traders to exercise caution or adjust stop-loss levels accordingly. The sudden movement in open interest is particularly relevant for those trading perpetual futures and derivatives, as it often precedes large market moves. Source: André Dragosch on Twitter, May 16, 2025.