$BTC is at a hit point now so there is no incentive to bid more.
On the other hand, metals seem to be having a field day so it makes sense to lock into those assets.
However, OI doesn't determine TradFi bidding or not (I think the closest metrics will be ETF trading volumes).
Nevertheless, I think every crypto asset will have a low OI due to the slowdown in interest.
twitter.com/ModestusOkoye/stat...