**Bitcoin Surges, But Leverage Concerns Loom**

Bitcoin (BTC) has seen a notable rise, gaining 8% between Oct. 14 and Oct. 15, and up 11.5% over the past month. This performance outshines the S&P 500's 3.8% gain during the same period.

However, the surge in demand for Bitcoin futures, reaching the highest level since January 2023, has some traders worried. The total number of BTC futures contracts hit 566,270 on Oct. 15, signaling increased leverage use. While this reflects growing optimism, it also raises the risk of cascading liquidations due to unexpected price swings.

Despite the concerns, recent data suggests traders are cautious with their leverage, reducing the immediate risk of widespread liquidations.