Spectura2021-09-08

What happened?

On September 7th there were cascading long liquidations that pushed the price of Bitcoin more than %8. Estimated leverage ratio dropped from 0.18 to 0.14 and at that time significant amount of Open Interest (around $3.25B) cleared off from the market. Going forward, we definitely need to keep an eye on these metrics (OI+Lev Ratio+Unrealized Profit/Loss) before making a decision.