This isn’t random.
It’s excess leverage.
Altcoin funding went heavily positive →
Too many longs, too much leverage, crowded trades.
When that happens, you don’t need bad news.
A small dip triggers liquidations → stops → forced selling → repeat.
That’s exactly what we’re seeing: • Open interest falling
• Longs getting wiped
• Spot buyers absent
Leverage is being flushed — and that’s healthy.
Markets don’t rally when everyone is already long.
When the real bottom is in and I start buying BTC again, I’ll post it here.
Follow or watch from the sidelines.
