Bitcoin Leverage Just Fell to Its Lowest Level of 2026 Here's a stat that looks slightly strange next to Bitcoin sitting around $84K: $BTC futures open interest has fallen to its lowest level of the year. The market rallied hard over the past month, but traders haven't responded by piling leverage back in. That's quite different from the setup you often get after a fast move. Rising price plus rapidly expanding open interest usually means more leveraged positions are joining the trade. This time, a lot of that excess leverage has actually been cleared while BTC has held most of its recent gains. There's another contrast underneath it. Bitcoin and Ether's 30-day implied volatility measures are still sitting near 2026 lows, meaning options traders aren't pricing particularly dramatic moves either. So $BTC is around $84K, leverage has been flushed out, and expected volatility remains unusually quiet. It's a much cleaner market structure than you'd expect after the kind of run Bitcoin just had. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#