Crypto Liquidations Soar as Market Continues Slipping
The cryptocurrency market pulled back on December 5 as a wave of renewed liquidations and fading futures interest pushed major tokens lower. Bitcoin, which had traded above $93,000 earlier in the week, slipped under the $90,000 mark. Several altcoins also weakened, including MYX Finance, Canton, Hyperliquid, Aerodrome Finance, Aptos, and Morpho. The downturn arrived alongside a sharp retreat in futures market open interest. Total open interest dropped more than 4% to $127 billion, far below the peak of $225 billion reached in October. Analysts say the ongoing retreat reflects continued efforts by traders to reduce risk after the sharp $20…





