Analyst: After a liquidation peak in the BTC futures market, a healthy deleveraging phase has begun, with OI contraction being a positive signal
According to ChainCatcher, crypto market analyst Axel stated on social media that about $526 million in BTC futures short positions were liquidated in a single day. Open interest (OI) did not rebuild leverage after reaching a high of 319,499 BTC, but instead fell back to 293,045 BTC.
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
Summit Hotel Properties updates financial calendar with Q3 earnings release date
Tennant director Patrick E. Allen acquires 3,000 common shares worth $208,250.40
Castle Biosciences CEO Derek J. Maetzold trims stake by 14,496 shares worth $512,445.26
Ibotta CEO Bryan Leach disposes of USD 626,734.97 in common shares
Crypto prices
More
