Bitcoin’s Latest Plunge Scrubbed the Market Clean—Here’s Why Positioning Looks Sharper Now
Bitcoin just took a bath—and the market needed it.
The recent drop vaporized speculative froth, leaving behind a leaner, meaner market structure. No more weak hands clogging the pipes.
Glassnode's data shows leveraged longs got steamrolled, flushing out excess like a high-pressure enema for overextended traders. (Wall Street bankers, meanwhile, sip lattes and whisper 'told you so' from their leather chairs.)
Now? Open interest resets. Funding rates normalize. The casino floor gets mopped up—just in time for the next big play.
Lesson learned: Crypto doesn't do 'soft landings.' It does carcasses by the roadside—and fresh asphalt for those still standing.
The recent Bitcoin price swings have again tested investor sentiment, but on-chain data suggests the market may now be healthier than before. For context, between Oct.
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