The sudden $1,500 drop in Bitcoin (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins.  This massive figure represents 18% of the total $5.6 billion open interest and undoubtedly caused the exaggerated move down to…

The post Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash appeared first on Daily Bitcoin Updates.