Bitcoin spot was hovering around $83,100 a little while ago, up less than 1% over 24 hours. It looks calm, but the futures market has been anything but quiet.
The Binance perpetual trading pair is BTCUSDT. Price is stuck between $82,000 and $84,000, with both bulls and bears using high leverage to bet on a breakout: bulls are hoping for a move back above $85,000, while bears are watching the liquidation zone near $81,000. Earlier today, the market saw another wave of liquidations. ETH liquidations were heavier; BTC held up relatively well, but that doesn’t mean leverage has been fully flushed out.
My take: A steady spot price doesn’t mean futures are safe. If you’re trading BTCUSDT perpetuals, lower your leverage first—don’t get swept out on both sides in a tight range. Wait for a breakout above $84,000 or a drop below $82,000 before calling the trend. This range is better for watching than aggressively adding to your position.
The above content is for reference only and does not constitute investment advice.