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Bitcoin Futures Market Hit by $10 Billion Deleveraging Shock, Analysts Call It a “Necessary Reset” for Bull Market Revival
{:en}The Dramatic Shift in Bitcoin Futures Amid Price Volatility Over the past two weeks, the Bitcoin futures market has experienced a "deleveraging" storm of more than $10 billion. According to a report released by the on-chain analysis platform CryptoQuant on March 17, from February 20 to March 4, the open interest (OI) of Bitcoin futures dropped sharply from the historical high of US$33 billion to US$22 billion, a drop of 33%. This phenomenon is seen by analysts as a "natural reset" of the market, which may lay the foundation for a subsequent rebound in Bitcoin prices. This deleveraging is closely related to the sharp fluctuations in Bitcoin prices. In mid-January, the price of Bitcoin hit an all-time high of $84,214,…
Bitcoin Futures Market Hit by $10 Billion Deleveraging Shock, Analysts Call It a “Necessary Reset” for Bull Market Revival
{:en}The Dramatic Shift in Bitcoin Futures Amid Price Volatility Over the past two weeks, the Bitcoin futures market has experienced a "deleveraging" storm of more than $10 billion. According to a report released by the on-chain analysis platform CryptoQuant on March 17, from February 20 to March 4, the open interest (OI) of Bitcoin futures dropped sharply from the historical high of US$33 billion to US$22 billion, a drop of 33%. This phenomenon is seen by analysts as a "natural reset" of the market, which may lay the foundation for a subsequent rebound in Bitcoin prices. This deleveraging is closely related to the sharp fluctuations in Bitcoin prices. In mid-January, the price of Bitcoin hit an all-time high of $84,214,…
{:en}The Dramatic Shift in Bitcoin Futures Amid Price Volatility Over the past two weeks, the Bitcoin futures market has experienced a "deleveraging" storm of more than $10 billion. According to a report released by the on-chain analysis platform CryptoQuant on March 17, from February 20 to March 4, the open interest (OI) of Bitcoin futures dropped sharply from the historical high of US$33 billion to US$22 billion, a drop of 33%. This phenomenon is seen by analysts as a "natural reset" of the market, which may lay the foundation for a subsequent rebound in Bitcoin prices. This deleveraging is closely related to the sharp fluctuations in Bitcoin prices. In mid-January, the price of Bitcoin hit an all-time high of $84,214,…
Bitcoin Futures Market Hit by $10 Billion Deleveraging Shock, Analysts Call It a “Necessary Reset” for Bull Market Revival
{:en}The Dramatic Shift in Bitcoin Futures Amid Price Volatility Over the past two weeks, the Bitcoin futures market has experienced a "deleveraging" storm of more than $10 billion. According to a report released by the on-chain analysis platform CryptoQuant on March 17, from February 20 to March 4, the open interest (OI) of Bitcoin futures dropped sharply from the historical high of US$33 billion to US$22 billion, a drop of 33%. This phenomenon is seen by analysts as a "natural reset" of the market, which may lay the foundation for a subsequent rebound in Bitcoin prices. This deleveraging is closely related to the sharp fluctuations in Bitcoin prices. In mid-January, the price of Bitcoin hit an all-time high of $84,214,…
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