Kaiko: BTC Open Interest 16% Below Pre-Crash Levels, Spot Depth Down 27%
- —BTC perpetual open interest is 16% below pre-crash levels
- —Dollar-denominated spot depth has dropped 27%
- —Leverage per dollar of market depth is down 20%
- —Market recovery after the largest liquidation remains incomplete
Why it matters: Thinner liquidity and lower open interest raise the risk of sharp price swings and make large trades harder to execute.
Source: Coinfomania