Talos reported $8.35 billion in Bitcoin and Ether long liquidations, open interest fell 32% and 40% from Q2 peaks

🚨 $8.35 billion in $BTC and Ether long positions were liquidated as leverage and open interest tumbled sharply.
📉 In Q2, open interest for Bitcoin and Ether fell 32% and 40% from their quarterly highs, hitting $33.5 billion and $16.2 billion.
💧 Market liquidity weakened and US spot Bitcoin ETFs saw $696.3 million in single-day outflows as total ETF redemptions reached $5.5 billion for the year.

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