🔥 BITCOIN IS DELEVERAGING
Bitcoin open interest is down 30%+, from $15B in Oct to $10B, as leveraged traders get flushed out (e.g. 1011 market crash).
These deleveraging phases have often marked major bottoms.
But if BTC keeps falling, more leverage could still get wiped... #Bitcoin #BTC #MarketRebound #BTC100kNext? #CryptoMarketWatch $BTC
BTC
76,806.72
-2.94%
ETH
2,250.81
-5.49%
SOL
100.5
-4.90%