CoinMarketCap says Bitcoin leverage reset is complete as funding costs remain elevated

Bitcoin ’s derivatives market has shed much of its recent leverage, but the traders who remain are still paying elevated costs to hold long positions, according to CoinMarketCap Research’s Daily Market Pulse dated 2 November 2026. The report, based on a snapshot at 05:20 UTC that morning, described Bitcoin ’s leverage reset as complete. It placed the cryptocurrency at $78,164 and its Fear & Greed Index at 37, in the fear range. These readings refer to the report’s publication time. CoinMarketCap reported aggregate crypto open interest at a new 12-month low of approximately $284.1 billion on 1 November.