TechFlow News, June 4: According to CoinDesk, Bitcoin briefly fell to $61,300 before rebounding to approximately $62,500; over the past two days, the crypto market has seen roughly $3 billion in liquidations. Derivatives data shows that open interest declined by 8.5% to $111.4 billion, indicating leveraged positions are being unwound.
In the options market, bearish skew for both Bitcoin and Ethereum has strengthened. On Deribit, the notional open interest for put options with a $60,000 strike price exceeds $1 billion. Meanwhile, SOL’s open interest rose to an all-time high amid its price decline, suggesting a possible increase in short positions; overall derivatives market sentiment remains bearish.
Add to Favorites
Share to Social Media
