Conversation

2) So that means.... I think (?) that means we have to be nearing the end of the futures liquidations. A lot of the remaining OI is very unlikely to be liq'd. But, there are other types of liquidations.

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Cryptocurrency Derivatives Exchange

3) Spot margin trading, for instance. FTX has ~$1b of OI on ftx.com/spot-margin/le, but that number has been more stable. Bitfinex has another ~$2B. So there could be *some* more liqs, but not a ton.

ftx.com

FTX

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4) Then, there are OTC loans. Are those getting called? I'd guess not: things are still up a lot this year, so probably most people are in the green still! And OTC borrow/lending tends to happen on longer timescales.

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5) Finally, the Huobi/OK rumors. I don't know what will happen exactly; but together they have ~$3B of relevant OI that might have to close, plus a bunch of possible selling of some specific coins, but probably not a ton in the majors.

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