Are we set up for a sudden leverage squeeze on $BTC?
Let us break down the latest Binance derivatives data like we are studying together. $BTC has $8,203,391,931 in open interest, up 1.79% in the last 24 hours.
We have 54.9% of accounts in long positions and 45.1% in shorts. With a low funding rate of 0.0017%, leverage is cheap but the market is tightly wound.
📈 When open interest rises like this, any sharp price move can catch the minority side off guard, potentially triggering a fast squeeze.
Do you think the next big move for $BTC is up or down?
Just my read, not financial advice. DYOR.
#Bitcoin #Crypto #Futures
Let us break down the latest Binance derivatives data like we are studying together. $BTC has $8,203,391,931 in open interest, up 1.79% in the last 24 hours.
We have 54.9% of accounts in long positions and 45.1% in shorts. With a low funding rate of 0.0017%, leverage is cheap but the market is tightly wound.
📈 When open interest rises like this, any sharp price move can catch the minority side off guard, potentially triggering a fast squeeze.
Do you think the next big move for $BTC is up or down?
Just my read, not financial advice. DYOR.
#Bitcoin #Crypto #Futures
