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Crypto-Native Traders, Not TradFi, Drove Bitcoin’s Largest Deleveraging Event - Tayedi Search engine

Crypto-Native Traders, Not TradFi, Drove Bitcoin’s Largest Deleveraging Event

4 months ago 191

Friday was the largest liquidation event on a nominal basis in crypto history. The scale of deleveraging is best understood by looking at open interest (OI) — the total value of outstanding futures and perpetual contracts that have not yet been settled.

Glassnode's data shows before Friday’s sell-off, bitcoin open ...

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