Bitcoin futures market experiences $10 billion deleveraging event, potential price rebound indicated

From Cointelegraph

March 19, 2025 02:45 AM:

Bitcoin exchanges experience a $10 billion deleveraging event on futures markets, signaling a potential price rebound. Open interest in futures fell sharply since hitting all-time highs in January. Market reset seen as necessary for bullish continuation. Historical trends suggest opportunities for short to medium-term gains.

CryptoQuant notes a “demand crisis” in derivatives markets since November 2024. Stablecoin reserves on exchanges have surpassed spot markets, but this hasn’t translated into significant market benefits. Distribution normalization needed for price upside. Caution advised against high-leverage trades during this period.

Read more at Cointelegraph: Bitcoin futures ‘deleveraging’ wipes $10B open interest in 2 weeks