Not the Bottom Yet? CryptoQuant Data Exposes Bitcoin’s Brutal Deleveraging

Current market dynamics point to a reset in motion, with Bitcoin undergoing deleveraging. However, the leading digital asset is yet to form a bottom for this bear cycle, despite cooling market conditions. According to a report from CryptoQuant, metrics such as falling open interest and Bitcoin basis compression on the Chicago Mercantile Exchange (CME) indicate ongoing deleveraging. More Pain For BTC? The CME basis co…