Bitcoin deleveraging in doubt: January 30 drop to $81,119, funding 43.2%

On January 30, Bitcoin dropped to $81,119 as derivatives data showed a cascade of forced long closures. According to on-chain analyst Axel Adler Jr., long-liquidation dominance reached roughly 97% (30-day average 31.4%) while perpetual funding stayed positive at 43.2% annualized, suggesting leverage may not be fully cleared. BTC last traded near $82,968.