Derived from Cryptonewsland, Bitcoin's open interest fell sharply from $45 billion to $28 billion in a matter of days, marking the largest drop of this cycle. According to CryptoQuant, the decline is indicative of a leverage flush rather than the start of a major bear market. The drop aligns with historical patterns where similar open interest collapses were followed by market resets rather than prolonged downturns. The price remained above $80K during the decline, suggesting the market absorbed the liquidation without a structural breakdown.
BTC Open Interest Drops From $45B to $28B, Suggesting Leverage Flush
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