📰 BTC has just gone through its most severe deleveraging wave since 2023. CryptoQuant analyst Darkfost noted that Binance BTC open interest once dropped noticeably and fell below the 180-day average, with heavily leveraged positions being concentrated through liquidations and forced closures.
🔥 Even more intense, this cycle also saw the largest liquidation event in BTC history. To be honest, this kind of correction is not a normal pullback, but a rapid shakeout of highly leveraged positions, and many traders who failed to reduce their exposure in time were simply taken out.
💡 But leverage has not disappeared entirely. Binance BTC open interest still stands at $9.6 billion, above the 180-day average of $8.3 billion, accounting for about 37% of the entire BTC open interest market, which shows that traders have re-entered the market.
👀 This level is even higher than during the May rebound, when BTC once climbed back to $82,000. Now, as capital re-adds positions and pushes the rebound, it feels a bit like one round of positions has just been cleared out, and exposure is starting to build up again.
🤔 Of course the rebound can continue, but after positions have become heavier again, another sharp deleveraging would not be surprising. Would you reduce your futures leverage now, or keep adding to this rebound?
#BTC #比特币 #合约交易 #CryptoMarket
🔥 Even more intense, this cycle also saw the largest liquidation event in BTC history. To be honest, this kind of correction is not a normal pullback, but a rapid shakeout of highly leveraged positions, and many traders who failed to reduce their exposure in time were simply taken out.
💡 But leverage has not disappeared entirely. Binance BTC open interest still stands at $9.6 billion, above the 180-day average of $8.3 billion, accounting for about 37% of the entire BTC open interest market, which shows that traders have re-entered the market.
👀 This level is even higher than during the May rebound, when BTC once climbed back to $82,000. Now, as capital re-adds positions and pushes the rebound, it feels a bit like one round of positions has just been cleared out, and exposure is starting to build up again.
🤔 Of course the rebound can continue, but after positions have become heavier again, another sharp deleveraging would not be surprising. Would you reduce your futures leverage now, or keep adding to this rebound?
#BTC #比特币 #合约交易 #CryptoMarket
