🔴 Traders claimed they had reduced risk, but the data shows otherwise. Leverage ratios actually surged as Bitcoin fell to $80,000, triggering mass liquidations 🩸 totaling $1 billion. With open interest down to $142 billion but leverage ratios still high, the main downside liquidity target is around $75,000 ⚡—unless spot demand picks up.

Will Bitcoin hold support at $80,000, or will futures markets push prices down to clear liquidations at $75,000? 👇

#bitcoin #leverage #liquidations #derivatives #futures