đ§ THE BTC SIGNAL MOST PEOPLE ARE IGNORING
Bitcoin's price has remained strong, but leverage in the derivatives market is cooling.
Recent Binance Square market data shows:
âą BTC around $83K
âą Open interest falling
âą Liquidations roughly halved
âą Futures activity cooling
âą Spot demand slowing
That doesn't automatically mean bearish.
In fact, a rally with less leverage can mean the market is becoming less dependent on aggressive speculative positioning.
Now the key question:
Can BTC attract fresh spot demand at these levels?
That's the metric I'll be watching through October.