Matrixport: Geopolitical risks over the weekend led to nearly 20% of positions being liquidated, and Bitcoin does not provide the safe-haven characteristics that most people expected

PANews reported on April 15 that Matrixport, an encrypted financial services company owned by Jihan Wu, issued an article stating that with the emergence of geopolitical risks over the weekend, the price of Bitcoin fell sharply, and open positions in Bitcoin futures were liquidated by approximately US$2 billion. Positioning peaked at $20 billion on April 9, with nearly 20% of the position having been liquidated, with open interest currently at $16.7 billion. Interestingly, Bitcoin does not offer the safe-haven characteristics that most people expect.