quick take
- The collapse of FTX demonstrated the need to self-manage crypto, a trend that CryptoSlate has been monitoring for quite some time.
- However, February saw a change in the coin’s return to the market as Bitcoin’s open interest piled up and the Bitcoin price structure flattened considerably.
- This has seen a roughly 10% adjustment in coins returning to exchanges. This is his highest level since July 2022 from his May 2022 at the time of Luna’s collapse.
- what is this change I also mentioned this weekcoincided with a drop in price as the coin returned to exchanges.
The market shift taking place post-Bitcoin back on exchanges first appeared on CryptoSlate.
