Leverage is increased by selling the $BTC. Open interest rose by about $1B during the US decline, and by almost $500M more into the US session today. Funding has cooled a bit but is now rising again. Long seems to go back in.
Leverage is increased by selling the $BTC. Open interest rose by about $1B during the US decline, and by almost $500M more into the US session today. Funding has cooled a bit but is now rising again. Long seems to go back in.
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