According to institutional trading platform Talos, after over $8.35 billion in long liquidations during Q2, Bitcoin and Ether open interest dropped sharply. ETF outflows, weaker Strategy purchases and declining market depth further reduced liquidity, while leverage across the market decreased.
According to institutional trading platform Talos, the crypto market enters the third quarter with thinner liquidity but lower leverage following a Q2 reset that saw over $8.35 billion in long liquidations. Bitcoin and Ether open interest fell sharply, while ETF outflows, weaker purchases from Strategy (formerly MicroStrategy) and declining market depth collectively tightened liquidity conditions.
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