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

Bitcoin futures open interest takes a dive into what new research says is a necessary “reset,” which will allow the bull market to return at a later date.

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 derivatives traders have flipped firmly risk-off since BTC/USD hit its current all-time highs in mid-January.

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