Bitcoin sees sharp deleveraging; Binance futures OI dips below 180-day MA
A CryptoQuant analyst flagged Bitcoin’s sharpest deleveraging phase since 2023. Binance Bitcoin futures open interest briefly dropped below its 180-day moving average, triggering a rapid futures deleveraging cycle.
CryptoQuant analyst Darkfost flagged what he described as the sharpest deleveraging phase since 2023, saying Binance's Bitcoin futures open interest briefly fell below its 180-day moving average. The source text trails off after noting the event earned a more dramatic description.