At the beginning of February, the price of Bitcoin tumbled to a new low not seen since US President Donald Trump got elected in November 2024. This downside volatility is believed to have been precipitated by the overleveraging in the BTC market at the time. According to the latest on-chain data, the Bitcoin derivatives market has witnessed a massive flush-out over the past week. BTC Market Now At Reduced Risk Of Liquidation Cascades In a fresh Quicktake post on the CryptoQuant platform, trader CryptoOnchain revealed a dramatic flush-out in the Bitcoin derivatives market on Binance, the world’s largest crypto exchange by trading volume