$BTC is going through the largest deleveraging in its history.

Over $5B in crypto liquidations recorded in the past four days, the largest liquidation wave since October 10th.

OI is now half of what it was at the October ATH.

That’s a −50% drop in less than 4 months. Across all exchanges, OI keeps falling showing institutional exit and traders closing positions out of fear of liquidations.

BTCUSDT

Perp

75,724.1

-3.84%