Another headache recently has been the open interest for BTC and ETH. Everyone's saying that Monday's drop was the biggest liquidation event in recent times, but if you actually look at the open interest data, both BTC and ETH are still at high levels of open interest, and not much has been cleared out. Especially compared to BTC at the beginning of the year, there's a noticeable difference. The more open interest there is, the more leverage is being used, which leads to greater price volatility for BTC and ETH. The risks represented by both data points are still at high levels, with ETH carrying slightly higher risk. Sponsored by Bitget ｜ @Bitget_zh