📈 BTC price: Avg 8/12-8/18 about $63,500 → about $77,700 on 8/23
📉 Coin-basis open interest: about 353,500 BTC → 312,600 BTC, a decline of about 11%, reaching at least a one-month low
As the price rises and open interest falls, the market shows signs of deleveraging.
#BTC #Bitcoin #Crypto #open interest
📉 Coin-basis open interest: about 353,500 BTC → 312,600 BTC, a decline of about 11%, reaching at least a one-month low
As the price rises and open interest falls, the market shows signs of deleveraging.
#BTC #Bitcoin #Crypto #open interest