Following a volatile start to the month where prices dipped near $61,000, Bitcoin has leveled out and is currently trading around $68,220. Analysts at VanEck describe this as an "orderly deleveraging" event, noting that futures open interest has dropped by over 20%. This reduction in speculative heat is seen as a healthy reset for the market's long-term structure. $BTC #GateSquare$50KRedPacketGiveaway
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin Stabilizes After "Orderly Deleveraging"
Following a volatile start to the month where prices dipped near $61,000, Bitcoin has leveled out and is currently trading around $68,220. Analysts at VanEck describe this as an "orderly deleveraging" event, noting that futures open interest has dropped by over 20%. This reduction in speculative heat is seen as a healthy reset for the market's long-term structure. $BTC #GateSquare$50KRedPacketGiveaway