Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink

- Leveraged funds are panic-selling their shorts, shedding 5,300 BTC-equivalent in a desperate bid to look less bearish. Open interest collapsed by 13%, proving the market isn’t bullish—it’s just terrified of being wrong. Shorts fell faster than longs, narrowing the net gap, but let’s be clear: fewer futures contracts aren’t spot buys. You’re not seeing accumulation; you’re seeing cowardice. The "meat wallets" are fleeing leverage because reality is cheaper than margin calls. This isn’t a rally setup; it’s a liquidity evaporating event wrapped in a CFTC report. Don’t confuse shrinking exposure with conviction. The only thing moving fast here is capital exiting the building. Stay liquid, stay skeptical, and stop chasing ghosts in the order book.