The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained above $20.5 billion, which is 5% below the previous month.
After the sell-off, there were signs that investor sentiment deteriorated, which was evident in derivatives markets.
Historically, there’s much higher borrowing demand for Ether longs as opposed to…
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