Bitcoin’s futures deleveraging
Bitcoin’s recent rise to $126.1k has encountered challenges due to macroeconomic factors and a significant $19 billion futures deleveraging, indicating a potential market reset. The deleveraging event marks a historic moment in the futures market, contributing to a shift in investor sentiment. As a result, market participants are adopting a more cautious approach, reflecting concerns over future price stability. Additionally, this situation has led to weakened inflows into exchange-traded funds (ETFs), further complicating the market landscape. Investors are now closely monitoring these developments as they navigate the uncertain environment.
