$10 million wiped from the market Spot and deriva

$10 million wiped from the market

Spot and derivatives investors have collectively turned bearish, unloading $10.8 million worth of VIRTUAL.

Of this, $9.87 million came from closed derivatives contracts, while spot traders offloaded another $934,000

Coinalyze reported that Open Interest (OI), which tracks the total value of outstanding contracts, dropped 9.37% to $107 million.

When both spot and futures markets show exits, it typically reflects fading enthusiasm and increased pressure to short the altcoin