
Bitcoin reversal on the cards after $1.7 billion liquidation wave flushed out overleveraged traders
The market just discovered exactly how much hidden leverage was propping up prices before the floor fell out.
Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.

Bitcoin futures OI in BTC terms held firm through a 3.36% price drop while options demand climbed.

A 3% decline in price showed how quickly underwater supply expands near all-time highs.

Mature supply is hitting the market at a steady pace while newer buyers show little conviction.

Stablecoins and perpetual markets are keeping the system liquid, even as most collateral remains concentrated in a few lending and staking layers.

Funding costs pile up yet leverage stays near $40B open interest, raising risk.

Bitcoin futures data shows traders adding leverage, but most aggressive orders have come from sellers, leaving price under pressure.



