📊 DATA: Bitcoin carries $47.88B in open interest while futures turnover runs 17.2x spot. The setup is two-sided: offshore longs face a downside unwind, while CME leveraged funds are net short. The first cascade depends on which price boundary spot demand breaks. https://cryptoslate.com/a-48-billion-bitcoin-leverage-trap-is-about-to-trigger-a-massive-forced-exit-the-moment-price-boundaries-break/(CryptoSlate)