The last 48 hours have seen unprecedented happening in the world of cryptocurrencies. According to Larry Cermak, VP of Research at @TheBlock__, the interest in futures exchanges has tanked dangerously by 20% in the last two days – from $18 billion to about $14.4 billion. The two exchanges which have seen the most severe carnage are Binance and FTX. Almost two billion combined in losses.

He tweeted and said, “The open interest on futures exchanges has gone down by about 20% in the last two days – from $18 billion to about $14.4 billion. Two exchanges that lost the most are Binance and FTX. Almost two billion combined.”

The open interest on futures exchanges has gone down by about 20% in the last two days – from $18 billion to about $14.4 billion.

Two …