Data: BTC open interest drops by about 30%
According to ChainCatcher, market sources indicate that bitcoin open interest has dropped by about 30%, and excessive leverage in the market has been cleared.
Currently, funding rates are close to neutral, and the likelihood of another liquidation cascade in the market has been significantly reduced.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Since October 15, long-term holders have reduced their bitcoin holdings by another 28,000 coins.
The probability of the Federal Reserve cutting interest rates by 25 basis points in October has dropped to 96.7%.
