News
Significance:
6/10

Bitcoin's $19 Billion Leverage Wipeout Leaves Market in Reset Mode

https://decrypt.co/344515/bitcoins-19-billion-leverage-wipeout-leaves-market-reset-mode

Akash Girimath, Sebastian Sinclair

Mentions

Sentiments

Target
Sentiment
Comment
Bearish
Bitcoin is in a critical confidence-rebuilding phase after a $19 billion leverage wipeout.
Bearish
Glassnode warns of structural weakness and deeper correction risks if Bitcoin breaks below $108,400.
Bullish
K33 Research suggests that similar open interest flushes have aligned with market bottoms in the past.