US Edition$1.89B in Longs Evaporate as Bitcoin Crashes Under $118K - Is the Worst Over?
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$1.89B in Longs Evaporate as Bitcoin Crashes Under $118K - Is the Worst Over?
There is a significant derivatives market shift on Binance as Bitcoin fell from $124K to below $118K. The exchange’s open interest (OI) plunged by 5% within hours, which means that many traders rapidly exited positions or closed leverage in reaction to the sudden price drop. Local Bottom Such a behavior reflects a swift change in sentiment, from aggressive bullishness near recent highs to a more defensive, risk-off stance. At the same time, cumu…
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