#Perpetual futures show muted risk appetite 📉💼. Open interest trending lower showing position reduction not fresh leverage ⚡️📊. Contained funding around neutral suggests drawdown not from excessive longs 👀. Futures in consolidation with traders prioritizing management over conviction 🎯. Reduced leverage means futures not primary downside pressure 📈. But no open interest #growth shows #limited appetite for sustained upside 💰⚡️. #crypto

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