Crypto Dan
BTC - Recent drop was the biggest shock in the current bear market
In the recent drop due to the FTX bank run issue, the funding ratio and leverage ratio showed the biggest decline since the 2020 Covid crash, and the number of open interest also decreased significantly. Whenever there is a recent decline, there has been a sharp increase in the volume moving from the spot exchange to the futures exchange, but this time there was little such movement. The bottom line is that in this downtrend that started in 2021, the recent drop caused by the FTX bank run was relatively small, but it seems to have given the market the biggest shock.