Crypto Market Witnesses Ongoing Deleveraging, Says Analyst

CryptoQuant analyst Darkfost reported ongoing market deleveraging on November 13th, showing a 21% decline in futures open interest, signaling leverage cooling in the crypto space.

This decline mirrors past trends, potentially signaling a healthier market reset and preparing the terrain for a possible trend reversal in Bitcoin and Ethereum markets.

21% Decline in Futures Indicates Deleveraging

CryptoQuant analyst Darkfost reported that the ongoing deleveraging process involves gradual risk clearance and cooling leverage usage. Over three months, futures contract open interest declined by 21%, approaching patterns seen in previous significant market corrections. “The deleveraging process in the market is still in progress, with excess risk being gradually cleared and leverage usage cooling off. Over the past three months (90-day change), the open interest of futures contracts has decreased by 21%.” — Darkfost, Market Analyst, CryptoQuant source. Central to these market adjustments are Bitcoin and Ethereum, whose futures and spot markets are directly impacted by leverage shifts. Analyst GugaOnChain elaborated that current open interest figures signal a potential buy opportunity, historically necessary for a healthy reset. At present, no official statements from regulatory bodies have been issued, but the decline aligns with goals for risk reduction.

Bitcoin currently trades at $103,045.14, with a market cap of $2.06 trillion and a dominance rate of 59.03%. Volatility persists, evidenced by a 24-hour price decline of 1.84%, as reported by CoinMarketCap. Notably, the 90-day price is down by 13.41%.

Did you know? Historical patterns show that significant leverage declines, such as in September 2024 and April 2025, have consistently resulted in healthier, more stable market environments akin to current observations.

Historical Patterns and Current Market Data

Did you know? Historical patterns show that significant leverage declines, such as in September 2024 and April 2025, have consistently resulted in healthier, more stable market environments akin to current observations.

Insights from the Coincu research team suggest that ongoing deleveraging may foster regulatory stability and technological advancements, offering potential for reduced volatility and healthier growth over time. These adjustments pave the way for market stability and encourage institutional investments, enhancing long-term prospects.

Insights from the Coincu research team suggest that ongoing deleveraging may foster regulatory stability and technological advancements, offering potential for reduced volatility and healthier growth over time. These adjustments pave the way for market stability and encourage institutional investments, enhancing long-term prospects.