CoinEx News: Bitcoin futures open interest fell 2.45% to $55.56 billion on April 28 as the broader crypto derivatives market saw total OI drop 1.14% to $120.78 billion, while 24-hour liquidations totaled just $267.19 million, down 5.91% from the prior day, according to Coinglass. The modest liquidation volume alongside declining OI suggests the pullback from Sunday's high near $79,400 is driven by cautious position-trimming ahead of the April 28-29 FOMC meeting rather than forced liquidations, with the long/short ratio at 48.55%/51.45% reflecting broadly balanced positioning.

The orderly nature of the de-leveraging — with BTC-specific liquidations at $92.18 million and funding rates near neutral at -0.0022% — stands in contrast to the sharp $500 million-plus daily liquidations seen during prior selloffs, indicating a structurally healthier futures market this cycle.