Crypto market braces for another '10-10' as leverage rebuilds, but pressure is lower
- —BTC fell 1.7% to about $84,100; ETH dropped 3.5%
- —$403.58 million in longs liquidated in one hour, $487.02 million over 24 hours
- —BTC open interest rose 4.0% in a week to 654,800 BTC
- —Funding above 8% on only 1 of 28 days vs 18 of 32 before 10-10
Why it matters: Leverage has rebuilt but without expensive funding, lowering cascade risk; watch $82,300 support and $86,000 resistance.
Source: BeInCrypto JP