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

Cointelegraph.com NewsBitcoin (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 its current all-time highs in… 

​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 its current all-time highs in… 

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