Looking at the BTC Futures Volume bubble map on CryptoQuant, the area around 75k is showing a bit of a red flag.

Price is trying to recover, but we just saw red dots (overheating) pop up on the derivative volume. Futures heating up this fast right during a bounce is rarely a clean move.

It shows the market is piling on leverage heavily in this zone. We're either looking at a chain reaction of short liquidations, or longs are just aggressively forcing the price up.

Either way, when the derivatives market is "overheating" like this, short-term price action is going to be really choppy.

Written by Rei Researcher