Analysis: Demand for Bitcoin futures has fallen to its lowest level since 2024.

CoinFeed reported on March 3rd that, according to Cointelegraph analysis, demand for Bitcoin futures has fallen to its lowest level since 2024, indicating that many institutional traders remain cautious. Data shows that the total open interest in Bitcoin futures contracts on major exchanges fell to $32 billion on Sunday, a 20% decrease from a month ago. Open interest in BTC-denominated contracts fell to 491,300, the lowest level since August 2024. The annualized premium for monthly Bitcoin futures contracts fell to a one-year low of 2%, well below the neutral range of 5%-10%, and has consistently failed to maintain bullish levels over the past 12 months. Despite the decline in demand, analysts believe it is premature to conclude that institutions are exiting the market.