CryptoQuant: Market deleveraging nears a tipping point, analysts see it as a buy signal.

According to a report by CryptoQuant analyst GugaOnChain on November 11th, the cryptocurrency market's 7-day open interest (OI) fell by 11.32%, approaching the key threshold of 12%, which is considered a strong buying opportunity signal. This TechFlow represents the market clearing out excessive speculative leverage, a process historically considered a necessary "reset" for a healthy market. Bitcoin has experienced OI declines ranging from 8% to 19%, with extreme cases resulting in a reduction of over $10 billion in total open interest. While current market sentiment may still be in a state of "extreme fear," major financial institutions such as JPMorgan Chase believe that Bitcoin has "significant upside potential" after this large-scale deleveraging cleanup. Analysts believe the current market is building a more stable foundation, creating favorable opportunities for long-term investors.