$BTC open interest is now nearly 20% below its August level, according to Glassnode data cited by The Block.
Leverage has cooled significantly, while $BTC is still trading well above its August low. This suggests the market has seen a meaningful reset in leverage without a comparable drop in price.
š Lower leverage could help create a healthier market structure and reduce the risk of excessive liquidations during the next major move.
#BTC Price Analysis# #What is your Bitcoin Price Prediction?#
Leverage has cooled significantly, while $BTC is still trading well above its August low. This suggests the market has seen a meaningful reset in leverage without a comparable drop in price.
š Lower leverage could help create a healthier market structure and reduce the risk of excessive liquidations during the next major move.
#BTC Price Analysis# #What is your Bitcoin Price Prediction?#
