BMEX Falls 92% as BitMEX Open Interest Slides 96%

2 weeks ago 4

Key Takeaways

• The token reached its lowest level since November 2022.
• Bitcoin open interest on BitMEX has dropped to $113 million.
• Open interest has contracted by roughly 96% from its 2024 peak.

At the time of writing, BMEX had fallen approximately 92% over the previous 24 hours, according to the BMEX/USDT chart on TradingView. The decline pushed the token to its lowest level since November 2022, when BMEX began trading.

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