According to Glassnode $BTC is back above $86K, but the market isn’t showing the kind of leverage buildup you’d expect at a euphoric top.
Options positioning is getting more bullish, with the put/call ratio rising as traders add exposure. Still, it’s nowhere near the extreme levels seen around Bitcoin’s previous top.
Even in perps, traders remain relatively cautious. Funding is still below neutral, keeping speculative leverage in check.
#Bitcoin #BTC Price Analysis# #Macro Insights#
Options positioning is getting more bullish, with the put/call ratio rising as traders add exposure. Still, it’s nowhere near the extreme levels seen around Bitcoin’s previous top.
Even in perps, traders remain relatively cautious. Funding is still below neutral, keeping speculative leverage in check.
#Bitcoin #BTC Price Analysis# #Macro Insights#
