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Crypto enters Q3 with thinner liquidity but less leverage after Q2 reset: Talos

Bitcoin and Ether open interest fell sharply after $8.35 billion in long liquidations, while ETF outflows, weaker Strategy purchases and declining market depth reduced liquidity.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Crypto enters Q3 with thinner liquidity but less leverage after Q2 reset: Talos

Bitcoin and Ether open interest fell sharply after $8.35 billion in long liquidations, while ETF outflows, weaker Strategy purchases and declining market depth reduced liquidity.

Why this matters

Bitcoin is showing up inside the Market Structure theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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