Market health check. The toxic leverage is gone.

We just saw a textbook cleanse of the derivatives market.

Total liquidations hit 313.83M in 24 hours, resetting funding and open interest.

Why this is bullish:
When leverage builds up a crash is inevitable.
By closing more than 110000 positions now the market removed the latent risk of a larger cascade later.

We are in a spot driven environment.

This is the safest entry signal of the week.

Do not mistake volatility for weakness.