Futures

A new report highlights a surge in leverage trading, leading to more violent market swings. The ‘Early Black Friday’ event saw over $640 million in hourly liquidations, while Bitcoin’s dominance and spot volumes continue to grow, signaling a maturing market.

CME Group halted trading for hours due to technical issues at CyrusOne data centers, freezing prices across major markets including S&P 500, forex, and precious metals during a critical trading period.

Bitcoin has reclaimed the $90,000 level, but underlying on-chain and futures market data suggest the recovery lacks conviction. Weak buying interest, underwater short-term holders, and declining open interest indicate the market may be poised for another downturn.

Bitcoin’s price has recovered towards $87,000, but a sharp drop in open interest and fragile market structure suggest underlying weakness. Analysts warn of potential further volatility.