Bitcoin was highly leveraged over the past few days, and now that excess leverage has started to unwind. The market usually resolves this kind of imbalance in one of two ways: a price correction or a period of sideways consolidation while leverage cools down. If Bitcoin can hold its current structure while leverage declines, that would be a much healthier setup for the next move. If price starts to weaken at the same time leverage remains elevated, it would suggest a broader deleveraging process, increasing the probability of further downside before the market can stabilize again. $BTC #Bitcoin