According to ChainCatcher news, independent analyst Markus Thielen's latest report indicates that the cryptocurrency market is in a significant de-leveraging phase, with risks associated with high leverage positions on the rise. The open contract size of Ethereum has fallen by 50%, suggesting that leveraged funds are rapidly contracting. Against this backdrop, the price of Bitcoin is approaching the critical support level of $93,000, and short-term liquidity may further weaken. Although the heavily crowded long positions in futures during the fourth quarter have mostly cleared, analysts remind investors to follow the concentration of ETF holdings. If the market continues to weaken, it may lead to further demand for reduction in positions, bringing new liquidity pressure.
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The crypto market has entered a significant deleveraging phase, and Bitcoin is approaching a key support level.
According to ChainCatcher news, independent analyst Markus Thielen's latest report indicates that the cryptocurrency market is in a significant de-leveraging phase, with risks associated with high leverage positions on the rise. The open contract size of Ethereum has fallen by 50%, suggesting that leveraged funds are rapidly contracting. Against this backdrop, the price of Bitcoin is approaching the critical support level of $93,000, and short-term liquidity may further weaken. Although the heavily crowded long positions in futures during the fourth quarter have mostly cleared, analysts remind investors to follow the concentration of ETF holdings. If the market continues to weaken, it may lead to further demand for reduction in positions, bringing new liquidity pressure.