Bitcoin OI jumped by fifth-largest amount in one day, pushed price over $30K

exchange68September 13, 2024

0 0 2 minutes read

In this Alpha exclusive, we delve into the rapid changes in Funding of Open Interest (FOI) and how they impact liquidations and deleveraging events, which in turn affect cryptocurrency prices. We’ll take you through the recent significant shift in FOI, resulting in an astounding liquidation cascade of over $170 million. Additionally, we’ll explore the spike in the estimated leverage ratio and the growing dominance of perpetual contracts as the preferred instrument in the market. But what does all this mean for the future of cryptocurrencies and investors? Subscribe to Alpha to uncover the critical implications…

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