Sellers Exhausted? Open Interest on Altcoin Plummets 55% From All-Time High Amid Market Shift

The price of Bitcoin and its open interest (OI), which represents the number of total derivatives contracts yet to be settled, has been relatively correlated over the last few months and remains high, while the total altcoin open interest has plunged 55% since an all-time high in March. According to a recent Bitfinex Alpha report, […]