Key points:
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A sharp reduction in aggregate open interest highlights the severity of the $20 billion in leveraged liquidations and highlights traders’ reluctance to re-enter the market.
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Bitcoin selling and price weakness are likely to extend until CME BTC and equities futures markets open on Sunday evening, US hours.
The crypto market continues to reel from Friday’s historic sell-off, which resulted in over $20 billion in centralized exchange liquidations and several hundred million across…
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