[Matrixport: Bitcoin and Ethereum Leveraged Positions Accelerate Clearance] Matrixport stated on November 17 that the current market is in a deleveraging phase, with rising risks associated with high positions. The open interest in Ethereum contracts has dropped by 50%, leveraged funds are rapidly contracting, and overall risk appetite is under pressure. Bitcoin is approaching the critical support level of $93,000, and liquidity in this range may weaken in the short term. Long positions in futures for the fourth quarter have been largely cleared, and leveraged pressure has been released temporarily. Attention should be paid to the concentration of ETF holdings; if the market weakens, it may trigger further position reductions, bringing new liquidity pressures.
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