Matrixport: After clearing derivatives leverage, a new round of market may begin in 2026 or on a more solid foundation

Mars Finance News, Matrixport’s latest charts and analysis indicate that after a large-scale deleveraging in the derivatives market, the crypto market may lay a more solid foundation for the 2026 trend. The analysis shows that since the October 2025 cyclical peak, the scale of open interest in BTC and ETH futures has cleared nearly $30 billion in leverage. Operating in a lighter position and with lower leverage in the new year, this will help the market return to a relatively balanced price rhythm. Matrixport believes that as crowded trading gradually subsides and speculative excess cools down significantly, the price movements of Bitcoin and other cryptocurrencies may become more aligned with fundamental trends, and the upward potential is also expected to open up.