Compass Investments Bitcoin Deleveraging Finally Over? What The Derivatives

📌 Bitcoin Deleveraging Finally Over? What The Derivatives Data Says – Bitcoin’s sharp slide to $81,119 on January 30 came with a derivatives-market gut punch: forced long closures spiked to extreme levels, yet perpetual funding stayed decisively positive. That mix is complicating a common read, whether the market has already “cleansed” leverage or is still set up

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Derivatives data after #Bitcoin’s sharp slide to $81,119 on Jan 30 showed forced-long liquidations spiking to extreme levels while perpetual funding stayed decisively positive — a conflicting signal. Open interest fell unevenly; forced closures hit retail pockets even as funding payments indicate persistent long demand. That mix suggests deleveraging may be partial or reallocated, not definitively “over.” Watch funding rates, basis and orderbook repair for confirmation. #Macro Insights#