According to @CoinMarketCap, Bitcoin (BTC) open interest has fallen 31% since October, indicating market deleveraging and purging excess leverage, citing CryptoQuant as the data source, source: @CoinMarketCap on X Jan 15, 2026; CryptoQuant. CryptoQuant states that such deleveraging historically aligns with significant market bottoms, source: CryptoQuant via @CoinMarketCap on X Jan 15, 2026.