Traders say Ether’s declining open interest and futures funding rates could set the groundwork for a significant short squeeze on bearish leveraged positions and a rally to $2,500.
Bitcoin open interest falls to $34 billion as investor demand dries up and traders’ concerns shift to worrying US macroeconomic data. Is TradFi exiting BTC?
Bitcoin has seen record realized losses in one of the cryptocurrency’s largest-ever capitulation events as short-term holders sold at steep losses amid its decline.