After enduring the longest period of deleveraging since the 2022 bear market, Bitcoin derivatives traders are finally showing signs of returning to the market. According to new data from crypto analytics platform CryptoQuant , speculative activity on Bitcoin futures is beginning to recover, potentially signaling a renewed appetite for risk among investors and setting the stage for increased volatility in the months ahead. The shift comes after nearly eight months of declining leverage across the crypto derivatives market — a rare and extended cooldown period that followed Bitcoin’s sharp correction in October. During that time, traders reduced exposure, liquidations swept through leveraged positions, and uncertainty surrounding global macroeconomic conditions kept many participants on the sidelines. Now, however, market sentiment appears to be changing. Open Interest Signals a Strong Comeback CryptoQuant analyst Darkfost revealed that Bitcoin open interest on Binance Futures ...