@BOMBERuss 19 May 2022 more from that month

The fall in the value of #bitcoin below $ 30,000 occurred after a large volume of #cryptocurrency entered the exchanges. The IntoTheBlock report says that since May 11, in total, traders have sent about 40,000 BTC to trading platforms. As a result of the massive reset, the largest digital currency collapsed below $26,000. Then the coin rose slightly in price, but could not gain a foothold above $ 30,000. On Thursday, May 19, the #BTC rate sank to $28,917. Over the past 24 hours, the #capitalization of the cryptocurrency has decreased to $552.634 billion. Since the beginning of May, bitcoin has been suffering losses, the situation has become sharply complicated last week after the collapse of the #UST stablecoin. Just at this moment, investors, including whales and hodlers, brought the cryptocurrency to the exchanges for its subsequent implementation. The escalation of volatility and the rollback of BTC provoked a drop in open interest in bitcoin futures. According to #CoinGlass, the amount of open contracts fell to $13.76 billion. A similar situation is observed in the options market, which indicates a decrease in the activity of institutional investors. Open interest in Bitcoin options decreased to $7.239 billion on May 19.