Bitcoin plugs leverage losses - But buyer interest in BTC remains low
Bitcoin Bitcoin plugs leverage losses – But buyer interest in BTC remains low Bitcoin Ethereum News Bitcoin has continued to struggle in establishing a firm bullish grip, making lower lows after failing to cross beyond the $80,000 to $82,000 level following 12 days of consolidation there. Capital deleveraging coming to a pause offers a glimmer of hope, but demand has yet to catch up in any meaningful way. Bitcoins eight-month deleveraging cycle slows Bitcoin [BTC] has undergone an eight-month stretch of deleveraging, a process where traders reduce their leverage exposure to the asset. This typically occurs during periods of high volatility and unpredictability as traders move to protect themselves from outsized losses. The process that began in October 2025 saw Open Interest drop massively from its peak levels. Source: CryptoQuant Binance data now shows interest is returning. Starting in March, Open Interest climbed from $6.4 billion to $8.96 billion, a $2.56 billion addition that sits slightly above the 180-day moving average of $8.65 billion. While this indicates traders are returning to the perpetual market and opening positions on both the long and short sides, it does not guarantee that a rally is imminent. It shows only that volatility has reduced to a level where the market feels suitable for placing