End of the quarter wipes out billions from Bitcoin open interest

End of the quarter wipes out billions from Bitcoin open interest

Bitcoin’s derivatives market saw a quiet but meaningful repositioning in July, marked by two liquidation-driven drawdowns in futures and a record expiry event that wiped out over $15 billion in options open interest. These changes took place alongside relatively muted price action, as Bitcoin hovered between $101,000 and $110,000 throughout June before stabilizing near $107,000 […]

End of the quarter wipes out billions from Bitcoin open interest Read More »