The Bitcoin (BTC) futures market reflects the waiting time for the price reuse after multiple weeks of cryptocurrency. According to Cryptoquant’s data, the BTC-USDT futures leverage ratio has reached its peak in early 2025.
Bitcoin estimated futures leverage ratio. Source: cryptoquant
Over the last few weeks, this has caused this important DE-leverage due to massive liquidation, which has effectively taken the majority of merchants from the market. Therefore, the current market conditions indicate a healthier market reset. This does not overheat and can potentially open the way for steady price recovery.
Bitcoin’s public interest decreased 28% on April 8, down 28% on April 8, from $ 71.8 billion on December 18. This emphasizes the size of the current De Lever Rizing Event. This can cause short -term volatility, but market players cannot control the price, so they are deployed in the long term to provide advantages in the current uncertainty.
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The analyst says the 70K Bitcoin is the worst scenario.
In the X Post, SINA, co -founder of the 21st Capital, announced an update for the Bitcoin Quantile model and said, “Bitcoin is quite dangerous here.”
Bitcoin Quantile model. Source: x.com
Analysts explained that Bitcoin has already completed 75-80%of the modifications and has already reduced from $ 109,000 to $ 74,500. Historically, the price fell 34% over the 6-8 weeks of such a trend. Currently, Bitcoin has decreased 31% from the highest ever, and it will be about 34% if it is $ 72,000 to $ 70,000. SINA added.
“There is no economic downturn, and $ 70K is the worst scenario. The macroscopic background is dark and additional selling, but Bitcoin is deeply undervalued by long -term investors.”
However, AXEL Adler Jr., a researcher at Bitcoin, expects BTC to move sideways in “volatile corridors”, and the likelihood of immediate recovery remains low.
Bitcoin support and resistance level. Source: x.com
Volatility corridors have checked the price range of $ 75,000 to $ 96,000, explaining with the help of the realization of short -term holders for other periods of time.
Adler Jr. warned that BTC was likely to integrate this level for the next few weeks, but the price should be maintained higher than the simple moving average of 365 days. The rest under the core indicator can potentially lead to a new year’s lowest level than $ 74,500, and as mentioned earlier, the ideal price is $ 70,000.
Related: Trump tariffs have an idea that Bitcoin can be wrong in the US dollar.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.