$BTC Open Interest flushed quite a bit on this move down.
OI is now back around the levels seen when BTC was trading in the low $60Ks, which suggests there isn’t much leverage left in the market right now. The Coinbase premium has also stayed relatively flat throughout the move.
At the same time, the final phase of September SuperX is underway on BingX.
Three leaderboards are being tracked: Futures Trading Volume, Futures ROI, and New User Futures Trading Volume, with up to $390K available in the individual contest.
The final seven days could get interesting. I’ll be watching how the rankings shift as the campaign comes to a close.
#BingX #SuperX #BTC #Blockchain $SOL
OI is now back around the levels seen when BTC was trading in the low $60Ks, which suggests there isn’t much leverage left in the market right now. The Coinbase premium has also stayed relatively flat throughout the move.
At the same time, the final phase of September SuperX is underway on BingX.
Three leaderboards are being tracked: Futures Trading Volume, Futures ROI, and New User Futures Trading Volume, with up to $390K available in the individual contest.
The final seven days could get interesting. I’ll be watching how the rankings shift as the campaign comes to a close.
#BingX #SuperX #BTC #Blockchain $SOL
