[Matrixport: After Derivatives Leverage Clearance, A New Market Cycle May Begin on a More Stable Foundation in 2026] Odaily Planet Daily reports that Matrixport's latest charts and analysis indicate that after a large-scale deleveraging in the derivatives market, the crypto market may establish a more solid starting point for the 2026 cycle. The analysis shows that since the phased peak in October 2025, leverage corresponding to BTC and ETH futures open interest has cumulatively cleared nearly $30 billion. The market is now operating in a state of lighter positions and lower leverage, which helps restore a relatively balanced price rhythm. Matrixport believes that as crowded trades gradually recede and speculative overheating significantly cools down, the price movements of Bitcoin and other crypto assets may align more closely with fundamental rhythms, potentially opening up upward space.