🔥 Historical liquidation! Record drop in open interest purges the Bitcoin market and paves the way for takeoff! 🚀
The latest CryptoQuant report shows that Bitcoin futures contracts have seen the largest decline in open interest during the current correction wave.
This has led to a record liquidation of traders using high leverage.
This "purge" removes excessive leverage from the market, a healthy step that often precedes the formation of a local bottom paving the way for a strong and sustainable recovery.
We are witnessing a reset of market structure.
