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Bitcoin Crash Gains Steam as Open Interest Slips
Bitcoin price has remained under pressure in the past few months, moving from the year-to-date high of $126,400 to a low of $95,000. The BTC/USD pair has dropped by 24.5% from the highest level this year as a risk-off sentiment continues. The BTC/USD pair has been in a strong downtrend in the past few months. It has plunged from the year-to-date high of 126,400 to 95,000, mirroring the performance of other top tokens in the crypto market. The decline happened as ETF outflows continued, signaling a lack of demand from American institutional investors. These funds have shed billions of dollars in the past few months. ... (full story)
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