According to the latest report from Glassnode, open interest in bitcoin futures continues to fall and has fallen to between 10.7 billion and 13 billion US dollars. In addition, Bitcoin futures trading volume is also declining. The average daily transaction value has dropped to 45 billion US dollars, a 62.5% decrease compared to May and a 49% decrease compared to April. The growth of the Bitcoin options market has also begun to slow down. The current open interest in Bitcoin options is approximately US$4.4 billion, which is 67% lower than the market highs in March and April and has returned to December 2020. s level.
Please always share the link of the actual news from where you are picking it up. However, from a trader's perspective, I can clearly see that the market is flat. It gives enough opportunity for swing trading but definitely not future derivatives. The market is rolling between 32k to 34.5k since last few weeks. So it simply makes no sense to buy future derivatives in either positions.
For day traders, it's an excellent market because it revolves around a certain range. But not for derivative traders. That's probably the primary reason why the volume is declining!