TechFlow news, November 11 — According to CryptoQuant analyst GugaOnChain, open interest (OI) in the cryptocurrency market has dropped by 11.32% over the past seven days, approaching the critical threshold of 12%, which is seen as a strong buy signal. This deleveraging event indicates the market is clearing excessive speculative leverage, historically regarded as a necessary "reset" for market health. Bitcoin has previously experienced OI declines ranging from 8% to 19%, with extreme cases seeing over $10 billion reduction in total open interest. Although current market sentiment may still be in "extreme fear," major institutions such as JPMorgan believe Bitcoin holds "significant upside potential" following large-scale leverage liquidation. Analysts suggest the market is now building a more stable foundation, creating a favorable opportunity for long-term investors.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
