Recent fluctuations in the bitcoin futures market suggest a possible cooling of prices following several weeks of correction. Analysis indicates a significant decrease in leverage ratios, which may be contributing to a healthier market state.
Market Conditions of Bitcoin
Data from CryptoQuant indicates that the BTC-USDT futures leverage ratio concerning open interest has halved since its peak in early 2025. This significant de-leveraging resulted from mass liquidations over recent weeks, effectively removing a large number of traders from the market. Current market conditions suggest a potential steady price recovery.
Expert Forecasts
In a post on X, Sina, co-founder of 21st Capital, provided an update on his Bitcoin Quantile Model, stating that 'Bitcoin is getting significantly de-risked here.' He noted that bitcoin may have completed 75-80% of its correction, dropping from $109,000 to $74,500, and further declines to $70,000 are possible should the macroeconomic climate remain stable.
Investor Perspectives
Analyst Axel Adler Jr. expects that bitcoin will move sideways within a defined 'volatility corridor.' He identifies a price range from $75,000 to $96,000 and emphasizes the importance of maintaining levels above the 365-day simple moving average. A breach below this indicator might lead to new yearly lows.
This assessment of the current state of the bitcoin futures market indicates a potential healthier market framework despite short-term volatility. Expert forecasts also point to the need for a cautious investment approach in uncertain conditions.
