Bitman on Nostr: Price dropping with reduced funding and a decrease in open interest. A lot of ...
Price dropping with reduced funding and a decrease in open interest.
A lot of leverage was piled up this weekend while the price was consolidating, and now the price is liquidating long positions and clearing leverage.
Over $2 billion has been withdrawn from perpetual contracts.
Published at
2024-06-11 16:02:24Event JSON
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"content": "Price dropping with reduced funding and a decrease in open interest.\n\nA lot of leverage was piled up this weekend while the price was consolidating, and now the price is liquidating long positions and clearing leverage.\n\nOver $2 billion has been withdrawn from perpetual contracts.\nhttps://m.primal.net/Igqh.jpg",
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