Bitcoin futures 'deleveraging' wipes $10B open interest in 2 weeks

Bitcoin (BTC) exchanges are getting a key “deleveraging event,” which should shape future gains, new research says.In one of its “Quicktake” blog posts on March 17, onchain analytics platform CryptoQuant revealed a $10 billion capitulation on Bitcoin futures markets.Bitcoin sees “essential” event for BTC price reboundBitcoin derivatives traders have flipped firmly risk-off since BTC/USD hit... source: https://cointelegraph.com/news/bitcoin-futures-deleveraging-wipes-10b-open-interest-in-2-weeks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound