Crypto market turning healthier after dramatic deleveraging, now 'constructively bullish,' analyst says
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最新报道：K33 Research says crypto markets have entered a healthier phase after last week's massive deleveraging wiped out $16.7 billion in leveraged long positions. Bitcoin perpetual open interest plunged 18.6% on October 10 - the steepest single-day drop since August 2023 - while Binance's BTC perpetual contract traded at a record 5.1% discount to spot. Altcoins saw their sharpest leverage contraction in four years, with some assets like ATOM briefly collapsing from $4.06 to $0.001. Despite the chaos, K33 describes the reset as "constructively bullish" and recommends capital deployment into BTC, noting that similar open interest plunges have historically aligned with market bottoms.
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