Fast Take
- A pointy enhance in futures open curiosity occurred on Aug. 9 to a stage seen simply seven instances this halving cycle, thus registering one of many largest single-day surges ever.
- A powerful addition of over 32,000 Bitcoin was channeled into futures open curiosity contracts, pushing the open curiosity near the year-to-date highs.
- A pointy variation in Futures Open Curiosity usually signifies deleveraging occasions and liquidation cascades and may swing each methods – lengthy and brief.
- Important constructive spikes usually signify substantial inflows of Open Curiosity, hinting at contemporary capital venturing into the market and an upswing in leverage.
- Alternatively, giant destructive spikes often emerge from brief/lengthy squeezes or liquidation cascades, which ends up in a large quantity of open contracts being margin referred to as and closed.
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