According to @glassnode, Week 42 saw one of the most severe crypto market deleveraging events in history, as reported in BTC Market Pulse (source: Glassnode). The report’s focus on deleveraging signals an abrupt reduction in market-wide leverage that directly impacts BTC trading conditions through positioning resets and elevated execution risk (source: Glassnode). For short-term traders, the highlighted deleveraging backdrop frames a risk environment where leverage-sensitive strategies and liquidity management are critical to near-term decision-making (source: Glassnode). The provided excerpt contains no additional metrics or price levels, limiting further quantification of the event’s magnitude beyond the report’s characterization (source: Glassnode).

According to Crypto Rover, Bitcoin (BTC) has been undergoing a deleveraging process since the last Federal Reserve FOMC meeting, as seen in recent trading data. This reduction in leverage is considered a healthy market development, as it decreases risk and sets the stage for potential upward movement in BTC price. Traders may find new long opportunities as the market stabilizes and prepares for a possible breakout, based on the source's analysis (source: Crypto Rover via Twitter, June 21, 2025).