What Comes After the Bitcoin Bloodbath? Open Interest Drops $12B as Leverage Ratio Hits Multi-Year Lows – Next Stop $130K?
Bitcoin’s newest market massacre has left merchants devastated, with over $12 billion in open curiosity worn out in simply days, one in all the sharpest contractions in derivatives positioning in latest historical past. On-chain data reveals that the decline noticed Bitcoin open curiosity plunge from $47 billion to $35 billion, marking a significant reset in…
