Market Deleveraging Puts Pressure on Bitcoin and Ethereum

According to Odaily, the current market is experiencing a significant deleveraging phase, with rising risks for maintaining high positions. Ethereum's open interest has decreased by 50%, indicating a rapid contraction of leveraged funds. In this context, overall risk appetite is under pressure. Bitcoin is approaching the critical support level of $93,000, where liquidity might weaken further in the short term source: https://www.binance.com/en/square/post/32492971783345?utm_source=BinanceNewsRSS