Analysis: nearly 90 days of unpositioned squaring contracts fell 21%, deleveraging process continues
2025-11-13 10:32:56
On November 13 news, CryptoQuant analyst Darkfost said that the deleveraging process of the market is still continuing, excess risk is constantly being removed, and the use of leverage is gradually cooling down. The amount of unpositioned squaring contracts has decreased by 21% in the past three months (90-day change), and the leveraged position is declining significantly. During the adjustment period of September 2024 and April 2025, the decline of about -24% and -29% of the leveraged position was observed, and it is now approaching a level similar to the previous pattern. During the bull market phase, the decline of the leveraged position tends to precede the trend reversal, helping to clean up the market and allow it to rebuild on a healthier basis.
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