[Analysis: Market Deleveraging May Signal Long-Term Uptrend] CryptoQuant analysts point out that the crypto market has undergone a significant price correction, with Bitcoin's open interest dropping from $47 billion to $35 billion. Funding rates briefly turned negative before returning to positive territory. Both Bitcoin's Estimated Leverage Ratio (ELR) and Stablecoin Supply Ratio (SSR) have significantly declined, indicating overall market deleveraging and increased stablecoin liquidity. Historical data suggests that such events may signal a long-term uptrend.