Data: BTC open interest drops by about 30%
According to ChainCatcher, market sources indicate that bitcoin open interest has dropped by about 30%, and excessive leverage in the market has been cleared.
Currently, funding rates are close to neutral, and the likelihood of another liquidation cascade in the market has been significantly reduced.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chinese decentralized contract exchange Sun Wukong launches trading with 0 fee limited-time promotion
NEAR Foundation: Plans to halve inflation rate to 2.5% and increase rewards for small validators and veNEAR holders
Bubblemaps: Ocean Protocol-linked wallets suspected of dumping over $100 million in community tokens
Starknet launches Bitcoin yield product Starknet Earn and initiates Beta testing
Trending news
MoreCrypto prices
More
