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DeFi perp open interest dropped $500M+ in a single day. Zoom

Editorial Disclosure: This article is curated from reporting by the original publisher credited below. It was selected and published automatically under the Pune.Media Editorial Policy and is not original Pune.Media reporting.

Original Coverage & Source Attribution: www.kucoin.com

DeFi perp open interest dropped $500M+ in a single day.

Zoom out: OI is still up 12.7% month over month, sitting around $14B.

Volume tells the other half. ~$30B traded on the same day, near the top of the month’s range.

Positions are being closed, not abandoned. One day of deleveraging doesn’t erase a month of growth.

Source: @DefiLlama

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