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Big Meltdown in Bitcoin, Ethereum and Solana's Open Interest! Triggered by the Decline in Cryptocurrencies!
Summary
The drop in Bitcoin's price has caused cryptocurrency traders to lose over $1 billion in options and futures.
This decline also led to a significant drop in the open interest of other crypto assets such as Bitcoin, Ethereum, and Solana.
The vast majority of long positions were closed and
About 312,500 investors were pushed out of the market.