Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash By Cointelegraph

Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash

Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash

The sudden $1,500 drop in (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins.

This massive figure represents 18% of the total $5.6 billion open interest and undoubtedly caused the exaggerated move down to $10,560.

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