Bitcoin futures 'deleveraging' wipes $10B open interest in 2 weeks

Bitcoin BTC BTC - $83222.789 exchanges are getting a key “deleveraging event,” which should shape future gains, new research says.In one of its “Quicktake” blog posts on March 17, onchain analytics platform CryptoQuant revealed a $10 billion capitulation on Bitcoin futures markets. Bitcoin sees “essential” event for BTC BTC - $83222.789 price rebound Bitcoin derivatives traders have flipped firmly risk-off since BTC/USD hit its current all-time highs in mid-January.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-03-19 06:58:01 GMT.

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Price & Market Data

Price: $83222.789

Volume 24h: $42,947,044,054.73

Market Cap: $1,651,684,667,224.89

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,846,543. The last known price of Bitcoin is 82,564.55531196 USD and is up 1.31 over the last 24 hours. It is currently trading on 12006 active market(s) with $42,213,495,608.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.