Derivatives activity has also cooled during the downturn. CoinGlass data shows open interest around $24.6 billion and 24-hour liquidations near $76 million, which signals reduced leverage in the system. Lower leverage can limit forced selling, but it can also reflect weaker risk demand.$ETH
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Derivatives activity has also cooled during the downturn. CoinGlass data shows open interest around $24.6 billion and 24-hour liquidations near $76 million, which signals reduced leverage in the system. Lower leverage can limit forced selling, but it can also reflect weaker risk demand.$ETH