【Market Flash】Leverage is ebbing, but the bulls haven’t left yet—that’s the signal most worth watching this weekend. A snapshot at 11:00 UTC on October 17 showed Bitcoin futures open interest falling to $7.68 billion, down 0.69% over 24 hours, with outstanding leverage edging lower. Meanwhile, the funding rate was 0.0035% every 8 hours and remained positive, indicating that bulls are still paying to hold their positions. The data does not prove that deleveraging is over, nor does it point to a broadly bearish positioning signal. Going forward, watch to see whether funding rates continue to decline. Do you think this is a cooldown, or a buildup ahead of bigger volatility?
(Source: NewsBTC)
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⚠️Risk disclaimer: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.