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Data: BTC open interest drops by about 30%
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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.
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Bitcoin
BTC
$108,279.82
+0.24%
Ethereum
ETH
$3,863.12
-0.49%
Tether USDt
USDT
$1
+0.01%
BNB
BNB
$1,068.5
-0.37%
XRP
XRP
$2.41
-1.18%
Solana
SOL
$184.35
-0.27%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.3233
+1.18%
Dogecoin
DOGE
$0.1916
-1.27%
Cardano
ADA
$0.6362
-1.20%
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