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- 22:14Bitcoin futures open interest reaches $88.7 billion, hitting a record high; analysts warn of potential large-scale leveraged liquidationsBlockBeats News, October 3, according to CoinGlass data, the total open interest (OI) of bitcoin futures across the entire network reached a record high of $88.7 billions today. Currently, the price of bitcoin is consolidating around $120,000. The record-breaking open interest indicates an excessively high level of leverage in the derivatives market. Trader BitBull predicts that bitcoin and altcoins will experience a "large-scale leverage liquidation" within the next 1-2 weeks. He believes that the liquidation will force some traders to sell, but after that, the market will rebound again and reach new highs. Other analysts have differing views. Trader CrypNuevo believes the upside target is around $123,200. Meanwhile, trader Roman points out bearish divergence on both the daily and weekly charts, warning of the risk of weakening momentum. CoinGlass data shows that current support liquidity is mainly concentrated around $118,500.
- 22:08Due to the U.S. government shutdown, the CFTC weekly position report was not released as scheduled.Jinse Finance reported that due to the U.S. government shutdown, the weekly position report of the U.S. CFTC was not released as scheduled.
- 22:00Ethereum Foundation sells 1,000 ETH to fund developmentJinse Finance reported that the Ethereum Foundation (EF) exchanged 1,000 ETH (approximately $4.5 million) for stablecoins through the decentralized trading protocol CoW Swap, to fund research and development, grants, and decentralized finance (DeFi) projects.