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
The probability of the Federal Reserve cutting interest rates by 25 basis points in October has dropped to 96.7%.
Grammy Award winners Imogen Heap, deadmau5, and Richie Hawtin have officially joined Camp Network.
Morgan Stanley: The US dollar is expected to weaken due to interest rate cut expectations
Chinese decentralized contract exchange Sun Wukong launches trading with 0 fee limited-time promotion
Trending news
MoreCrypto prices
More
