BITCOIN'S OPEN INTEREST HITS $40B
Bitcoin’s open interest just hit a crazy $40.5 billion as we edge close to that $70K mark.
With high OI, we’re talking more leverage, which could mean some wild liquidations if things go south.
Remember that August flush-out? BTC tanked nearly $12K in days!
Right now, we’re vibing at $69K, just 6.4% away from the all-time high.
Source: CoinTelegraph