One year after the October 10, 2025 record $19B crypto liquidation crash, Kaiko data shows that BTC perp open interest still ~16% below…
One year after the October 10, 2025 record $19B crypto liquidation crash, Kaiko data shows that BTC perp open interest still ~16% below pre-crash levels in BTC terms, dollar spot depth 27% lower, and 20% less leverage per dollar of market depth — link
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