Kaiko Data Reveals Crypto Market Struggling to Recover

BTC news reveals the market's struggle to recover post-liquidation, with open interest down 16% and liquidity challenges ahead. Leverage has decreased, leaving 20% less leverage per dollar of market depth. The crypto market continues to face challenges one year after its largest liquidation event. As highlighted by Kaiko, BTC perpetual open interest is approximately 16% lower compared to pre-crash levels. Additionally, dollar-denominated spot depth has dropped by 27%. These figures indicate a market that has not fully recovered, potentially influencing future trading strategies. The cryptocurrency market has shown mixed signals as it grapples with lingering effects from last year’s liquidation.

Source: Coinfomania