Bitcoin Crash: Is Derivatives Market Back At Healthy Levels Yet?
Summary
Bitcoin's derivatives market indicators have shifted after the recent cryptocurrency crash. Open Interest (OI) and Estimated Leverage Ratio (ELR) have both decreased. OI, measuring open positions on derivatives exchanges, dropped from $16.7 billion to $14.2 billion due to liquidations. ELR, tracking leverage, declined from 0.199 to 0.176. These decreases indicate a calmer market following the crash. Additionally, Bitcoin is currently trading at around $56,100, up more than 9% over the past 24 hours.
