Leverage check after the drop under $71K 👇
$BTC perps OI on Binance: ~$7.38B → ~$7.17B in 48h (about -3%)
BTC funding still positive, latest ~0.0087% per 8h
$ETH OI flat at ~$4.7B, funding back to ~0.0095%
Translation: some longs closed, but there's no flush yet. Longs are still paying shorts. That can cap bounces until leverage resets.
Would you rather see a liquidation wick first, or a slow grind? Comment below.
Not financial advice.
#BTC #ETH #Derivatives
$BTC perps OI on Binance: ~$7.38B → ~$7.17B in 48h (about -3%)
BTC funding still positive, latest ~0.0087% per 8h
$ETH OI flat at ~$4.7B, funding back to ~0.0095%
Translation: some longs closed, but there's no flush yet. Longs are still paying shorts. That can cap bounces until leverage resets.
Would you rather see a liquidation wick first, or a slow grind? Comment below.
Not financial advice.
#BTC #ETH #Derivatives
