Bitcoin futures open interest sees largest drop in two years amid market volatility

Quick Take On Aug. 5, global markets experienced wild volatility, prompting a detailed assessment of trading volumes to gauge the impact. A key measure was futures open interest, representing the total USD value allocated in open futures contracts. During this period, Bitcoin (BTC) prices plummeted from approximately $58,000 to $49,000. To accurately measure this, open […] source: https://cryptoslate.com/insights/bitcoin-futures-open-interest-sees-largest-drop-in-two-years-amid-market-volatility/