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This weekend was a proper deleveraging.
Notional OI in BTC perps has declined by 11% to yearly lows.
The shakeout in altcoins was even wilder. By using Tradingview’s TOTAL2 index as a notional proxy, relative altcoin OI has plunged to lows not seen since Feb 2023! pic.twitter.com/c5TqXeNSRE
— Vetle Lunde (@VetleLunde) April 17, 2024
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- Source: https://decrypt.co/226935/bitcoin-market-deleveraging-whats-going-on
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