$55B in BTC Futures Positions Unwound In 30 Days: Will Bitcoin Recover?
Bitcoin’s (BTC) struggle to hold above $70,000 carried into Wednesday, raising concerns that a drop into the $60,000 range could be the next stop. The sell-off was accompanied by futures market liquidations, a $55 billion drop in BTC open interest (OI) over the past 30 days, and rising Bitcoin inflows to exchanges. The price weakness