CoinMarketCap: bitcoin weakens but derivatives open interest rises 12%
- —BTC fell 2.60% over the week to $77,655, market cap down 2.73%
- —Derivatives open interest rose 12.07% to $454.29 billion
- —On September 11, 92% of BTC liquidations were longs
- —$288.1 million flowed out of spot BTC ETFs over 5 days, $234.2 million from ARKB
Why it matters: Rising leverage amid falling prices increases the risk of sharp liquidations in both directions on the Fed decision and Senate vote.
Source: Blockmedia