Recently, BTC prices have experienced a correction, but from the perspective of open interest data, an interesting divergence has emerged within the market.

The CME futures market has performed quite impressively — open interest (OI) not only did not shrink with the price decline but actually increased from $10.6 billion to $11 billion, showing a clear growth trend. This indicates that institutional investors have not panicked during this correction; instead, they are gradually building positions.

In contrast, data from the Binance platform appears somewhat weak. As BTC prices adjusted, Binance's futures open interest showed a noticeable reduction. More notably, the current open interest level has not yet recovered to the high point set a week ago, suggesting that traders have reduced their positions to some extent during this round of correction.

From this divergence, it seems that institutions and retail traders are adopting different attitudes toward this adjustment — one side is deploying, while the other is cautiously observing. This divergence in open interest data often hints at subtle changes in market structure.