Analysts: Crypto Leverage Decline May Be a Bullish Signal
- —BTC futures open interest fell from $57.7B to $51.2B, down 11%
- —Bitcoin price declined only 5% over the same period
- —BTC rose 12.5% on September 15–23 with funding rates at 0.002–0.009% per 8 hours
- —Bitcoin broke $85,000 and hit an 8-month high near $87,000
Why it matters: A rally without leverage buildup lowers the risk of cascading liquidations, but its durability depends on continued spot and institutional inflows.
Source: Siam Blockchain