Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst

Date: 2025-04-09

Bitcoin’s (BTC) futures market reflects a possible price cooldown after the cryptocurrency’s multiple weeks of correction. Data from CryptoQuant indicated that the BTC-USDT futures leverage ratio with respect to open interest (OI) has halved since peaking in early 2025. Bitcoin estimated futures leveraged ratio. Source: CryptoQuantThis significant de-leveraging has occurred because of massive liquidations over the past few weeks, which has effectively taken a majority of traders out of the market. Thus, the current market conditions indicate a healthier market reset, which is not overheated and could potentially pave the way for a steady price recovery. Bitcoin’s open interest dropped 28% from $71.8 billion on Dec. 18 to $51.8 billion on Ap...

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