A $48 billion Bitcoin leverage trap is about to trigger a massive forced exit the moment price boundaries break
Bitcoin’s calm near $62,941 masks a split in Bitcoin futures positioning: either a downside break or an upside breakout could gain speed from forced trades. At 09:30 UTC on Aug. 15, CoinGlass showed $47.88 billion of Bitcoin open interest, $38.49 billion of 24-hour futures volume and $2.234 billion of spot volume. Futures turnover was 17.23 … Read more