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.

#Gate廣場創作者新春激勵 $ETH
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RyoSaebavip
· 01-14 09:17
Hold on tight, we're about to take off🛫
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