#BTC
Here’s the crucial technical point you need to grasp. This week’s liquidations hit 482 million dollars, a hefty figure that’s quite alarming. At the same time, open interest dropped by 18.5%. This signals something significant; the market is cleaning up excessive leverage, not building new leverage. Historically, this kind of cleanup reduces the likelihood of another sharp collapse, as traders who were using high leverage have already exited the market.
Here’s the crucial technical point you need to grasp. This week’s liquidations hit 482 million dollars, a hefty figure that’s quite alarming. At the same time, open interest dropped by 18.5%. This signals something significant; the market is cleaning up excessive leverage, not building new leverage. Historically, this kind of cleanup reduces the likelihood of another sharp collapse, as traders who were using high leverage have already exited the market.