Bitcoin futures shed $3B in leverage as traders trims risk

Bitcoin futures began August with a significant recalibration in positioning. In the first four days of the month, aggregate futures open interest (OI) fell from $83.63 billion to $79 .85 billion, a $3.78 billion drop in notional terms. This followed Bitcoin’s price dropping around 2.8%, indicating that most of the decline stemmed from position closures The post Bitcoin futures shed $3B in leverage as traders trims risk appeared first on CryptoSlate.