22 Aug 2023

Stability did indeed breed instability

Bitcoin plunges to 2-month lows as long liquidations squeezes OI to 3-month lows. We expect news-driven volatility onwards and make the case for increased exposure in ETH.
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Liquidation cascade sends BTC to 2-month low
Bitcoin collapsed to pre-ETF filing lows on Thursday as the market saw its fifth-largest relative daily decline in open interest since March 2021. Leverage now sits at 3-month lows, reducing the market’s exposure to near-term squeezes, but multiple
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