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.
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