On-chain analyst DarkPost reported that the BTC futures market has not fully recovered from the aftermath of the largest-ever liquidation event that occurred on October 10 last year. He stated via X, "At that time, open interest on major exchanges evaporated by 71,000 BTC in a single day. Positions worth over $11 billion in nominal value were liquidated. Since then, the market environment has remained challenging, and traders are showing caution in increasing their position sizes again. In fact, open interest in BTC on platforms other than the Chicago Mercantile Exchange (CME) has not yet recovered to pre-October 10 levels." He added, "However, Binance's open interest has surpassed pre-liquidation levels, showing a recovery trend. Its market share also rose from 30% to 36%. This indicates that investors are preferring highly liquid platforms after the incident."
