Bitcoin exchanges in India are experiencing a crucial “deleveraging event,” a recent study reveals. According to a blog post by CryptoQuant, a leading onchain analytics platform, Bitcoin futures markets have seen a significant $10 billion drop. This decline comes as Bitcoin derivatives traders have shifted to a risk-averse stance following the cryptocurrency’s peak in mid-January. The data, sourced from major crypto exchanges, shows that the aggregate open interest on futures contracts plummeted by $10 billion in just three weeks from February 20 to March 4. The market had reached an all-time high open interest of over $33 billion in January, signaling excessive leverage. The recent deleveraging is seen as a necessary correction for a potential bullish trend continuation. Historical data suggests that such market resets have historically provided favorable opportunities for short to medium-term gains. Additionally, there has been an emerging “demand crisis” in the crypto market, with stablecoin reserves on derivatives exchanges surpassing those on spot markets. Despite the increase in stablecoin supply since November 2024, the impact on the market and investors has been limited. Analysts advise caution in high-leverage trades until market conditions normalize. This information is essential for investors to make informed decisions in the volatile cryptocurrency market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin exchanges in India are experiencing a crucial “deleveraging event,” a recent study reveals. According to a blog post by CryptoQuant, a leading onchain analytics platform, Bitcoin futures markets have seen a significant $10 billion drop. This decline comes as Bitcoin derivatives traders have shifted to a risk-averse stance following the cryptocurrency’s peak in mid-January. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67692"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=67692"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/67692\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=67692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=67692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=67692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}