Bitcoin Surges Past $80,000 Amid Leverage-Driven Rally
Bitcoin Surges Past $80,000 Amid Leverage-Driven Rally
Bitcoin's recent rise above $80,000 is attributed more to leverage than actual spot demand, according to Wintermute. The firm noted that open interest increased by approximately $10 billion over the past month. According to NS3.AI, Wintermute also highlighted that spot trading volume has dropped to its lowest level in two years, describing the situation as a classic short squeeze setup. #BTC
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