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PhyrexOct 22, 2025 at 05:05 pm
Judging from the data on open contracts, in the past week $BTC and $ETH It is still on the way to deleveraging, but because the losses on October 11 were already huge, it has become less and less obvious to clean up leverage in the past week. Now that BTC has reached the lowest point of open contracts in the past year, there should be little leverage left, and ETH has also reduced its leverage from one-third to half. This decline is actually a necessary cleanup for the market. On the one hand, potential problems at the exchange system level, including Binance, were discovered and repaired during this fluctuation, reducing the possibility of greater risks in the future. On the other hand, it helped the entire market complete a new round of deleveraging. It can be clearly seen from the data that $BTC
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