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Bitcoin loses 30k support, as futures open interest contracts unwind

April 17, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Bitcoin misplaced its $30,000 help this morning and is at present at $29,500.
5 days in the past, CryptoSlate analyzed that open curiosity jumped by the fifth largest quantity in someday. This was a major driver in pushing the value over $30,000.
Prior to now 24 hours, over $100 million of liquidations have occurred in crypto, flushing out late longs.
Roughly 375,000 BTC sit in open futures contracts, a lower of 25,000 BTC from the weekend.

Liquidation: (Source: CoinGlass)
Liquidation: (Supply: CoinGlass)
Futures Open Interest: (Source: Glassnode)
Futures Open Curiosity: (Supply: Glassnode)

The put up Bitcoin loses 30k help, as futures open curiosity contracts unwind appeared first on CryptoSlate.

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Tags: 30KBitcoinContractsFuturesInterestLosesopenSupportunwind
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