#Perpetual futures show muted risk appetite ๐๐ผ. Open interest trending lower showing position reduction not fresh leverage โก๏ธ๐. Contained funding around neutral suggests drawdown not from excessive longs ๐. Futures in consolidation with traders prioritizing management over conviction ๐ฏ. Reduced leverage means futures not primary downside pressure ๐. But no open interest #growth shows #limited appetite for sustained upside ๐ฐโก๏ธ. #crypto
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#Perpetual futures show muted risk appetite ๐๐ผ. Open interest trending lower showing position reduction not fresh leverage โก๏ธ๐. Contained funding around neutral suggests drawdown not from excessive longs ๐. Futures in consolidation with traders prioritizing management over conviction ๐ฏ. Reduced leverage means futures not primary downside pressure ๐. But no open interest #growth shows #limited appetite for sustained upside ๐ฐโก๏ธ. #crypto