#BTC Futures Market: This Round of Deleveraging—The Signals Are More Positive Than the Price Action Itself!


After $526 million in shorts were liquidated, the market did not take the old route of “short squeeze → leverage increase → overheating”:
OI fell from a peak of 319k BTC to 293k BTC, and leverage was not rebuilt.
The liquidation control indicator turned positive, marking the end of the systemic short-squeeze squeeze phase.
Prices stayed in the 75,000-76,000 range, and the OI shrinking in tandem formed a healthy structure of “cooling down after a short squeeze.”
The next key: when prices try to break through, will OI return above 300k BTC?
Only once there’s a rise that breaks through without leverage can it go further.
#Crypto # Bitcoin #MarketAnalysis
BTC2.28%
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