Crypto Futures See Capital Outflows as WLFI Floats Buyback and Burn Program
Gold rose to a record high of over $3,500 per ounce early Tuesday as bitcoin continued to trade in a lackluster fashion.
Data tracked by Lookonchain showed that a whale address 0xFf15 offloaded 425 BTC, worth $46.5 million, in exchange for over 10,500 ETH in the past four days.
Meanwhile, Glassnode said that long-term holders have stepped up profit-taking, spending 97,000 BTC on Friday.
Derivatives Positioning
By Omkar Godbole
- Crypto futures bets worth $370 million have been liquidated by exchanges in the past 24 hours as the bitcoin price bounced, confounding expectations for a move lower.
- The liquidation led to a decline in open interest (OI) in futures tied to most of the top 10 tokens, excluding BTC. Open interest in BTC…
