Bitcoin holds near $62K after Binance open interest drops by more than $1B over 7 days

Bitcoin is trading around $62,400 as selling pressure across markets begins to ease. Derivatives exposure has fallen sharply at major exchanges, led by a more than $1 billion drop in Binance’s 7-day open interest. Even so, weak U.S. spot demand and muted buyer conviction are still limiting the odds of a sustained recovery.