Analyst: BTC's failure to Close Position contracts may bring good opportunities for large-scale resets in the short term

PANews reported on March 18th that DarkFost, a writer for CryptoQuant, stated in the market report on March 17th: "On January 17th, the historical high of Bitcoin's Open Interest in contracts reached over 33 billion USD, indicating that the market leverage level has never been so high. Recently, due to political instability related to Trump's decisions causing panic, we have witnessed a massive liquidation of Bitcoin leveraged positions. In just two months, over 10 billion USD of Open Interest contracts have been wiped out, with approximately 10 billion USD liquidated between February 20th and March 4th. This can be seen as a natural market reset and a crucial stage to sustain the Bull Market. Currently, the 90-day change in Bitcoin futures Open Interest contracts has sharply decreased to -14%. Looking back at historical trends, each similar deleveraging in the past has provided good opportunities for the short to medium term."