Bitcoin’s price was rallying before CFTC charges hit BitMEX, and immediately after, retail traders started scaling back positions on BitMEX. Open interest in XBTUSD perpetual contracts on BitMEX dropped to 55000 BTC. The funding rate dropped below -0.05% in the first week of October in response to the CFTC charges, however, the recovery is nowhere […]
The post Bitmex’s recent Bitcoin OI is a clear signal to the market appeared first on AMBCrypto.
Find the full article here