Bitcoin Is ‘Deleveraging’ In the Futures Market Amid Geopolitical Tensions

Apr 18, 2024

Bitcoin's fall to $61,000 has led to a significant decrease in leverage in the futures market, with the total value of futures contracts traded on major exchanges dropping by $5.2 billion. This deleveraging event was influenced by geopolitical tensions in the Middle East and strong economic data in the US. Despite the recent price drop, Bitcoin's fundamentals remain strong.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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