Bitcoin futures open interest fell by 13,600 BTC over the past 24 hours, equivalent to about $1.051 billion, according to data cited by crypto analyst @AxelAdlerJr. Separately, HTX market data showed that after the CPI release last night, Bitcoin went through a sharp bout of volatility. The price briefly fell to $76,000 before rebounding to as high as $79,800. During that move, most leveraged futures positions were cleared out. The figures point to a rapid reduction in leveraged exposure during the post-CPI swing, with both open interest and price action reflecting a broad flush in the derivatives market.
Bitcoin futures open interest dropped by 13,600 BTC over the past 24 hours, worth about $1.051 billion, according to data cited by crypto analyst @AxelAdlerJr on Sept. 12.
Separately, HTX market data showed that after the CPI release last night, Bitcoin saw a sharp burst of volatility. The price briefly fell to $76,000 and later touched as high as $79,800. Most leveraged futures positions were cleared during that stretch.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
