"Bitcoin's Sharpest Drop in the Last 30 Days: A New Equilibrium May Arise"

In the last 30 days, the sharpest decline in Bitcoin (BTC) open positions has caught the attention of investors. This decline presents an important signal regarding the change in market dynamics. The increased volatility in the Bitcoin market in recent weeks has led to a significant contraction in open positions, indicating that the market may be forming a new equilibrium.

According to a CryptoQuant analyst, the 30-day change in open positions in Bitcoin has dropped to the most severe level of this cycle. Notably, a decrease of approximately 1.3 million BTC was recorded on the Binance platform. The analyst emphasized that Binance is the largest platform in terms of volume, stating that this pullback was expected. A decline of this magnitude was last observed during the 2022 bear market, and the current event demonstrates the extent of the cleansing.

The market has witnessed liquidation events along with a price correction that has lasted for several weeks. Investors who took positions against the trend also contributed to the contraction in open positions. Additionally, some investors closing their positions to avoid risk has further deepened this situation. The intensity of leverage has once again come to the forefront during this process. Historically, such severe deleveraging processes are considered critical in establishing a solid bottom in the market.

The closing of overly optimistic positions, mandatory liquidations, and the decrease in speculative intensity are helping the market to rebalance healthily. One of the most notable points of this cycle is that the use of leverage has reached record levels. The total of open positions has been hovering around approximately $47.5 billion, close to all-time highs. The CryptoQuant analyst pointed out that such high speculative intensity is not a healthy market signal, stating that when liquidity shifts, it prepares the ground for sharp corrections. The dynamics of the current pullback are directly related to this situation.

As a result, there are critical points that investors need to monitor in the Bitcoin market. The contraction in open positions and changes in leverage rates may influence future price movements. Therefore, it is essential for investors to closely follow these developments to determine their strategies.