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One analyst firm said over $13 billion in open interest was wiped out as $1.5 billion in bullish bets were liquidated.

“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.

The social application was one of the biggest blockchain-based platforms by revenue for a short period last year before usage dropped off. A new ve...

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.

Recent price appreciation veils the far greater potential of blockchain technology.