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News Explorer — Bitcoin Is ‘Deleveraging’ In the Futures Market Amid Geopolitical Tensions

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Apr 17, 10:15 pm
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Bitcoin Is ‘Deleveraging’ In the Futures Market Amid Geopolitical Tensions

Bitcoin's fall to $61,000 has led to a significant decrease in leverage in the futures market, with the total value of futures contracts traded on major exchanges dropping by $5.2 billion. This deleveraging event was influenced by geopolitical tensions in the Middle East and strong economic data in the US. Despite the recent price drop, Bitcoin's fundamentals remain strong.

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