Crypto-Native Traders, Not TradFi, Drove Bitcoin’s Largest Deleveraging Event

Friday was the largest liquidation lawsuit connected a nominal ground successful crypto history. The standard of deleveraging is champion understood by looking astatine unfastened involvement (OI) — the full worth of outstanding futures and perpetual contracts that person not yet been settled.

Glassnode's information shows earlier Friday’s sell-off, bitcoin unfastened ...