BITCOIN JUST FLUSHED OUT THE EXCESS LEVERAGE
Bitcoin open interest has dropped back to levels last seen when BTC was around $76,000.
But price is still holding near $84,000.
That means the overheated positions and crazy leverage got wiped - without BTC going back to the old lows.
The extra leverage is gone. The structure held. The market looks a lot healthier now.
$BTC
Bitcoin open interest has dropped back to levels last seen when BTC was around $76,000.
But price is still holding near $84,000.
That means the overheated positions and crazy leverage got wiped - without BTC going back to the old lows.
The extra leverage is gone. The structure held. The market looks a lot healthier now.
$BTC
