Wu Blockchain (@WuBlockchain): QCP said weakening liquidity ahead of the Christmas holiday and year-end institutional deleveraging have kept BTC range-bound. BTC and ETH perpetual o…
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QCP said weakening liquidity ahead of the Christmas holiday and year-end institutional deleveraging have kept BTC range-bound. BTC and ETH perpetual open interest fell by roughly $3 billion and $2 billion, respectively. QCP added that year-end tax-loss selling could increase near-term volatility, but absent a clear breakout, the market is likely to remain choppy into year-end. https://twitter.com/i/web/status/2003358086107668605