BitMEX Open Interest Collapses After Controversial Long Squeeze
Open interest in XBT/USD on BitMEX has crashed by over 50 percent from 115,000 BTC to 55,000 BTC over the past 12 days.
Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing.
A flood of class-action lawsuits were filed in New York Friday, taking aim at a number of major cryptocurrency projects over their token sales.
Bitcoin's price has jumped by nearly $500, triggering liquidations of futures on crypto derivatives exchange BitMEX.
HDR Global Trading has supported bitcoin maintainer Michael Ford since he was appointed last summer.
The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.