AVAX Plunges 13% as Crypto Sinks on Rise in Mideast Tensions
Bitcoin (BTC) open interest (OI) has fallen to its lowest level since August, currently standing at 413,000 BTC ($36 billion), according to Glassnode data. OI represents the total funds allocated in outstanding futures contracts, effectively measuring the amount of leverage in the bitcoin system. Since these contracts are denominated in dollars, their value fluctuates with […]