Bitcoin long wipeout hits $660M, but open interest barely budges
- —Total liquidations: $830.07M in 24 hours, longs $660.05M (79.5%)
- —BTC liquidations $209.46M, of which 78.8% were longs
- —BTC futures OI $52.66B: CME +3.17%, Binance +0.92%
- —BTC-USDT funding: Binance 3.62%, Bybit 2.12%, OKX 1.29%
Why it matters: A fresh drop below $80,000 could trigger a second wave of long liquidations as leftover leverage unwinds.
Source: Blockmedia