{"id":140857,"date":"2023-09-01T22:47:58","date_gmt":"2023-09-01T17:17:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=140857"},"modified":"2023-09-01T22:47:58","modified_gmt":"2023-09-01T17:17:58","slug":"crypto-market-shakes-as-bitcoin-futures-record-5th-largest-single-day-decline-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-market-shakes-as-bitcoin-futures-record-5th-largest-single-day-decline-crypto-news\/","title":{"rendered":"Crypto market shakes as Bitcoin futures record 5th-largest single-day decline – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Last Thursday\u2019s cryptocurrency market experienced an extreme event best described as a liquidation cascade. This phenomenon resulted in one of the most significant single-day wipeouts of open interest ever recorded. In terms of the total USD value allocated in open futures contracts, this was the second-largest decrease, underscoring the sheer scale of the event. The fallout from this decline is particularly profound in the realm of Bitcoin futures contract<\/p>\n

According to analyst Will Clemente<\/a>, last Thursday\u2019s event stands as the 5th most significant single-day decline in Bitcoin futures open interest, specifically pertaining to perpetual (non-expiring) futures contracts. This exceptional occurrence underscores the volatility and high-risk nature of the cryptocurrency market, especially within the futures segment.<\/p>\n

FOI: (Source: Will Clemente)<\/figcaption><\/figure>\n
\"FOI:
FOI: (Source: Glassnode)<\/figcaption><\/figure>\n

The post Crypto market shakes as Bitcoin futures record 5th-largest single-day decline<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Last Thursday\u2019s cryptocurrency market experienced an extreme event best described as a liquidation cascade. This phenomenon resulted in one of the most significant single-day wipeouts of open interest ever recorded. In terms of the total USD value allocated in open futures contracts, this was the second-largest decrease, underscoring the sheer scale of the […]<\/p>\n","protected":false},"author":2,"featured_media":140858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-140857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140857"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140857\/revisions"}],"predecessor-version":[{"id":147186,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140857\/revisions\/147186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/140858"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}