---
title: "Bitcoin wipes $500M open interest as BTC price drops toward key $70K"
url: https://diffcoin.com/bitcoin-wipes-500m-open-interest-as-btc-price-drops-toward-key-70k/
description: "BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints. Source link"
published: 2024-10-31
updated: 2024-10-31
author: "Mila"
site: "Diffcoin"
---

# Bitcoin wipes $500M open interest as BTC price drops toward key $70K

BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints.

[Source link](https://cointelegraph.com/news/bitcoin-wipes-500m-open-interest-btc-price-drops-toward-key-70-k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)