Bitcoin loses 30k support, as futures open interest contracts unwind
- Bitcoin lost $30,000 support this morning and is now at $29,500.
- 5 days ago, crypto slate analyzed that open interest jumped by the fifth largest amount in a single day. This was a key factor pushing the price over his $30,000.
- In the last 24 hours, cryptocurrencies have liquidated over $100 million, washing out late longs.
- About 375,000 BTC are in open futures contracts, down 25,000 BTC from the weekend.
Post Bitcoin first appeared on CryptoSlate as it lost 30,000 support and the futures open interest contract was unwound.