#CryptoMarketMoves
๐ฅ Friday crash โ no panic, just control.
During the collapse:
๐ Spot volume โ $44B (almost peak levels of the cycle)
๐ Futures โ $128B
๐ธ Open Interest decreased by $14B, but only $1B was in BTC long liquidations.
๐ 93% of the OI reduction was not forced.
This is not a cascade of liquidations โ this is a controlled unloading of the market, not a panic surrender.