In short: Over the past 24 hours, $334 million worth of contracts were liquidated across the market, with both longs and shorts getting wiped out.
The impact of bad news often comes quickly and fades just as quickly. The key is whether any more bad news follows. The direction in which open interest moves can show how leveraged traders are positioning themselves.
$BTC latest: 82109.72.
Just my personal opinion, not investment advice.
The impact of bad news often comes quickly and fades just as quickly. The key is whether any more bad news follows. The direction in which open interest moves can show how leveraged traders are positioning themselves.
$BTC latest: 82109.72.
Just my personal opinion, not investment advice.