Bitcoin Futures Deleveraging: $10 Billion Open Interest Wiped Out in Just 2 Weeks
Recent research indicates that Bitcoin exchanges are experiencing a significant “deleveraging event,” which could influence future price movements. According to CryptoQuant, there has been a $10 billion reduction in Bitcoin futures markets since mid-January. This drop in open interest, which peaked at over $33 billion, suggests a necessary Market reset for potential bullish trends ahead. ...
