CryptoWorld news reports that, according to a CryptoQuant analyst, after the June market correction, Bitcoin futures leverage was significantly reset, and the rate at which open interest contracts declined was faster than the BTC price.

BTC0.38%
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RationalRugChecker
· 4h ago
Classic playbook: high leverage gets liquidated first. Wait for the chips to settle, then see whether the funding rate can turn negative before considering the left side.
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ColdWalletFitnessCoach
· 6h ago
The deleveraging progress is good; waiting for a stabilization signal.
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There'sABullMarketInTheGlass.
· 6h ago
Futures leverage was washed out in a wave; the fact that open positions were closed faster than the price indicates that many long positions were forcibly liquidated. This kind of clearing is actually healthier.
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