Bitcoin Leverage Reset Deepens as Traders Pull Back After $9B Open Interest Drop

TLDR: Bitcoin open interest dropped over $9B since October 10, signaling a leverage reset. Traders remain cautious, avoiding new leveraged positions on major exchanges. Allegations of Binance triggering forced ADL liquidations have surfaced online. Bitcoin stabilizes near $100K as reduced leverage limits volatility. Bitcoin’s derivatives market just went through one of its sharpest resets in [...]

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