According to foreign media, the futures market bond structure in bitcoin has shifted significantly to stable currencies in recent years. Contracts with encrypted assets such as BTC as security now account for only about 12 per cent of unsettled contracts. According to the article, this reflects a more United States dollar-based trade in derivatives, but not the same logic as the current week ' s free-flowing warehouse.
Encrypted bond share down to 12%
Almost all of the futures markets in Bitcoin used BTC as a guarantee between 2019 and 2020. Such a structure magnifies the risk when prices fall, as collateral values shrink simultaneously and warehouse buffer space is compressed more quickly.
By contrast, the stability deposit is denominated in United States dollars and the collateral is more stable in the event of market fluctuations. According to the article, traders have continued to shift to this pattern in recent years, suggesting that the market for encrypted derivatives is increasingly using dollarized trading structures.
24-hour liquidation to $570 million
Bitcoin was mentioned as having rebounded this week from approximately $57,000, receiving around $792 million on the weekly line, with an increase of about 1.8 per cent in the current day. During the rapid upswing in prices, there was greater pressure on empty silos.
The CoinGlass data show that a total of $570.8 million in warehouse space has been liquidated over the past 24 hours, of which $329.6 million was lost in empty space and $240.48 million was lost over time. Bitcoin-related liquidations amounted to approximately $295.41 million, the highest of all assets; the previous BTC warehouse settlement in Bitget reached $103.54 million.
- 24 hours of total liquidation of approximately $570.8 million
- Empty liquidation of approximately $329.6 million
- Multiple liquidations of approximately $240.8 million
Stabilizing currencies doesn't mean fluctuations disappear.
According to the article, this week ' s rotation is closer to a typical empty squeeze, but this does not mean that changes in the bond structure directly contributed to the explosion. Stabilized currency bonds have been mainstreamed as a result of years of continuous evolution; this week ' s liquidation is the result of a leveraging of short-term prices.
It is also mentioned that, in the recent past, institutional funds have become more dollar-oriented, and that there has been a continuous net inflow of bitcoin ETF in the United Kingdom market with new derivatives. These changes together show that the market structure is changing, but the leverage transaction itself has not decreased. According to the article, this round of bitcoin squeezing may not be over from the available data alone.