**Bitcoin's Rollercoaster Week: Leverage Woes and Market Volatility**
Bitcoin (BTC) kicked off the week with a bang, nearly hitting $64,000, but the rally has traders on edge. High leverage levels are raising eyebrows, with some analysts calling it an "inorganic price rally" that could vanish quickly.
Key Points:
- BTC hit $63,975 on Bitstamp but faced skepticism due to high leverage.
- Analysts warn of potential market volatility driven by upcoming macroeconomic data.
- Long-term BTC holders are reducing risk, while short-term holders are increasing their positions.
- The Fed's upcoming decisions on interest rates could further impact market dynamics.
Stay tuned as Bitcoin navigates a potentially turbulent week!