Bitcoin futures open interest declines: The Open Interest for Bitcoin futures dropped by 7%, signaling decreased leverage usage among traders. This trend contributes to a less aggressive market environment, allowing for safer trading practices as liquidity increases.
Liquidations impact market dynamics: Recent statistics show around $500 million in liquidations across cryptocurrency positions, with Bitcoin accounting for $90 million. Simultaneously, the Bitcoin Fear and Greed Index fell to 74, indicating a shift from Extreme Greed.
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