📊 Data: Is the Bitcoin market quietly “clearing” leverage?
The latest data from Santiment shows a notable trend in BTC open interest:
📉 Open positions: Dropped from 321,497 BTC (3/9) to 278,151 BTC (11/9).
📉 Decline rate: 13.5% (equivalent to a drop of 43,346 BTC).
📉 Compared to mid-August: The current position size is lower by about 20%.
*Why is it important?*
1. The reduction in positions is not due to a drop in BTC price (since the price only fell 5%), indicating investors are proactively taking profits or closing orders.
2. The market seems to have carried out “risk removal” before major events occur, rather than reacting after the events have happened.
3. Reduced liquidation pressure may provide a more stable foundation for upcoming volatility.
👉 Guiding information — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #PhanTichKyThuat #CryptoNews. $BTC
The latest data from Santiment shows a notable trend in BTC open interest:
📉 Open positions: Dropped from 321,497 BTC (3/9) to 278,151 BTC (11/9).
📉 Decline rate: 13.5% (equivalent to a drop of 43,346 BTC).
📉 Compared to mid-August: The current position size is lower by about 20%.
*Why is it important?*
1. The reduction in positions is not due to a drop in BTC price (since the price only fell 5%), indicating investors are proactively taking profits or closing orders.
2. The market seems to have carried out “risk removal” before major events occur, rather than reacting after the events have happened.
3. Reduced liquidation pressure may provide a more stable foundation for upcoming volatility.
👉 Guiding information — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #PhanTichKyThuat #CryptoNews. $BTC