Open interest did decline by around 25k BTC on 17-Oct, which i | Wall Street Crypto Trading

Open interest did decline by around 25k BTC on 17-Oct, which is a reduction of around 8.3%. This was followed by a second major leverage washout of 35k BTC on 23-Oct as the market rallied to new yearly highs of $35k. This leverage squeeze is now of a magnitude similar to the short-squeeze in January, and the long-squeeze in August.