📊 Market Pulse in Perpetual Futures

• Risk appetite remains subdued, with traders pulling back rather than adding fresh leverage.

• Declining open interest signals position trimming, not aggressive new bets.

• Neutral #FundingRates highlight that recent drawdowns aren’t driven by crowded long exposure.

• The market sits in consolidation mode, with participants leaning toward risk control over bold conviction.

• Lower leverage reduces downside pressure, yet the absence of open interest growth underscores hesitation toward a sustained rally.