Bitcoin’s **(BTC)** futures market is showing signs of a potential **price cooldown** following several weeks of correction. According to data from **CryptoQuant**, the BTC-USDT futures leverage ratio in relation to open interest (OI) has significantly **halved** since its peak in early 2025.

![Bitcoin Futures](https://s3.tradingview.com/news/image/cointelegraph:2730eed35094b-abf680286d16ae98e30406f52351d89e-resized.jpeg)

This **de-leveraging** has been driven by massive liquidations in recent weeks, effectively removing many traders from the market. As a result, the current market conditions suggest a healthier reset that is not overheated, potentially paving the way for a **steady price recovery**.

Recent statistics reveal that Bitcoin’s open interest has dropped by **28%**, from **$71.8 billion** on December 18 to **$51.8 billion** on April 8. This indicates the scale of the ongoing de-leveraging event. While this situation may cause short-term volatility, it positions BTC for long-term stability, providing an advantage amid current uncertainties.

**Analyst Insights**: In a recent post, Sina, co-founder of **21st Capital**, stated that “Bitcoin is getting significantly **de-risked** here.” He noted that Bitcoin might have completed **75-80%** of its price correction, which saw a decline from **$109,000** to **$74,500**. Historically, prices can drop by as much as **34%** during similar trends; currently, Bitcoin has decreased by **31%** from its all-time high. A further drop to the **$72,000-$70,000** range would align with this historical trend.

Sina mentioned, “**Absent a recession**, $70K is my worst-case scenario. While the macro backdrop remains grim, we believe Bitcoin is deeply undervalued for long-term investors.”

However, immediate recovery prospects seem low. Researcher **Axel Adler Jr.** predicts that BTC may trade sideways within a **“volatility corridor.”** This corridor is defined by a price range of **$75,000 to $96,000**, derived from the realized prices of short-term holders over various timeframes. Adler Jr. cautioned that maintaining a price above the **365-day simple moving average** is crucial; falling below this level could lead to a new yearly low below **$74,500**, with **$70,000** being the ideal target mentioned earlier.

*This article does not constitute investment advice. All investment and trading moves involve risk, and readers should conduct their own research before making decisions.*

Bitcoin’s (BTC) futures market reflects a possible price cooldown after the cryptocurrency’s multiple weeks of correction. Data from CryptoQuant indicated that the BTC-USDT futures leverage ratio with respect to open interest (OI) has halved since peaking in early 2025. This significant de-leveragi…

7 months ago Bitcoin Articles Digested