Bitcoin open interest is down ~30% since the biggest liquidation event in "crypto" history 11 days ago. Excessive leverage has been flushed from the market.
Discussion
This is exciting to know. I really like when leverage gets flushed from markets, including Bitcoin. It means that the people who live a more debt free life have a more powerful opportunity to participate. In other words, "down" times are when financially intelligent people get rich, since, you make money on the purchase, not when you sell.
Time for the next run