Bitcoin was mostly unchanged over the weekend after Friday’s $400 million liquidation crash. BTC dropped from over $71,000 to below $69,000 as a stronger-than-expected U.S. nonfarm payrolls number caused open balances and trading volumes to fall. Since Friday, the number of open futures contracts for various tokens has fallen from $99 billion to $60 billion, suggesting traders have significantly reduced their bets. However, analysts at Presto Research told CoinDesk they expect market volatility to return in the coming week due to macroeconomic catalysts such as Wednesday’s CPI release. BTC traded around $69,450 in early European hours. The CoinDesk 20 Index (CD20) has fallen about 0.5% in the past 24 hours.
