"30% Decrease in Bitcoin Open Positions: Possibility of a New Rally"

Recently, Bitcoin (BTC) prices have seen significant changes that have caught the attention of investors. It is reported that open interest in the Bitcoin market has decreased by approximately 30%. This situation raises hopes that the market can achieve a healthy balance. This decline in open positions could potentially open the door to a new rally for investors.

According to Glassnode data, funding rates have retreated to neutral levels, symbolizing equilibrium between buyers and sellers. Amidst all these developments, the Bitcoin price dipped below 108 thousand dollars within the last 24 hours, triggering a liquidation of 320 million dollars. According to information provided by CoinGlass, more than 122,000 investors had their positions closed during this process, triggering significant liquidations in leveraged trades.

Experts believe that the cleansing of excessive leveraged positions has made the market more balanced and healthier. In this context, Glassnode's statements indicate that the excessive leverage burden on the market has been significantly cleared, which could contribute to Bitcoin gaining a more stable structure. According to analysts, such periods of "leverage cleansing" are generally considered a time to create a healthy market environment for investors.

In particular, the sharp decline in open positions clearly shows that very leveraged positions in Bitcoin futures have been closed. Therefore, among the critical points that investors should monitor are not only price movements but also the levels of open positions. A healthy market dynamic that could initiate a potential rally may emerge in the coming days.