Crypto futures open interest hits $160B, highest since October
- —Market cap added over $740 billion after the US Treasury's bond buyback announcement
- —Futures open interest near $160 billion, the highest since late October
- —More than $900 million in shorts liquidated in a single day
- —BTC Markets analyst: the next 5% move could be sharper than expected
Why it matters: Rising open interest alongside a short squeeze raises the risk of violent liquidations in either direction if spot demand stays weak.
Source: Uzmancoin