Blockbeat diagnosed that the overheated leverage in the market is cooling down, and the bearish hedge sentiment is also somewhat easing. The media explained, "Bitcoin (BTC) entered a correction phase after challenging the $82,000 mark, and the market is currently focusing on the liquidity support effect around $80,000. Over the past 24 hours, Bitcoin's Open Interest (OI) decreased by 5.13%. The cumulative funding rate over 7 days is still negative (-), but its magnitude has shown a gradual narrowing. This is an indicator that the overheated leverage in the market is cooling down, and bearish hedge sentiment has also somewhat eased. However, while short-term overheating is resolving, the overall market sentiment remains cautious, and investors should exercise caution."
