Bitcoin: Leverage Score - All Exchanges

After breaking the key support range of 49,000 ~ 53,000 USDT in late September, Bitcoin entered an uptrend. Leverage remains at a record high level, which indicates the aggressive position of investors. If Bitcoin makes a new high or faces a significant profit-taking, unpredictable technical movements are possible.

Bitcoin: Realized Price - UTXO Age Groups

The average value for holders in the 1-3 month UTXO age group is 66.976 USDT, indicating high levels of buying by short-term investors. Support above USDT 66,000 is important to maintain the current momentum, as a drop below this level could lead to increased selling pressure.

Bitcoin: Open Interest - All Exchanges, All Symbols

Open interest reached a record 20 billion USDT, indicating strong support at higher levels after the recent correction. This reflects significant market participation and the potential for increased volatility.

Bitcoin: Stablecoin Supply Ratio (SSR)

The SSR index recently rebounded, indicating increased buying interest. This indicates that stablecoins are being used to buy Bitcoin, which may indicate a change in the market trend.

General comment

With Bitcoin nearing an all-time high and on-chain metrics such as 20 billion USDT open interest, record leverage, and a rising SSR index, buying momentum is intensifying. Support above 66,000 USDT is key to sustain this trend. A breakout can lead to significant volatility, so risk management is important for investors.