By Omkar Godbole
Bitcoin investors appear to have shrugged off Sunday’s violent price crash, according to one data metric.
- In just minutes, prices fell by around $1,400 from over $12,000 to sub-$10,700 levels Sunday.
- The rapid fall crowded out over $1 billion in bullish leverage from the futures market.
- Yet, as the cryptocurrency declined, users withdrew more coins from exchanges than they deposited, suggesting holders were not spooked by the big mover lower.