Turbulence and liquidations
The Weekly Update - Week 15
Highlights from this week’s report
Market Update
A brutal weekend in the crypto market, as positions worth almost $10 billion got liquidated in just 24 hours on Sunday. Bitcoin topped out just below $65,000 on Wednesday but dropped more than 20% from the top this weekend.
The open interest in the bitcoin futures market denoted in bitcoin soared above 430,…