2023-4-17 15:15 |
Quick Take Bitcoin lost its $30,000 support this morning and is currently at $29,500. Five days ago, CryptoSlate analyzed that open interest jumped by the fifth largest amount in one day. This was a significant driver in pushing the price over $30,000. In the past 24 hours, over $100 million of liquidations have occurred in crypto, flushing out late longs. Roughly 375,000 BTC sit in open futures contracts, a decrease of 25,000 BTC from the weekend. Liquidation: (Source: CoinGlass) Futures Open Interest: (Source: Glassnode)
The post Bitcoin loses 30k support, as futures open interest contracts unwind appeared first on CryptoSlate.
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