$BTC IS RISING â BUT LEVERAGE IS FALLING. đ
Bitcoin just showed an interesting setup: price moved higher while open interest dropped sharply.
$BTC rallied more than 23%, pushing toward the $77Kâ$79K area, while leverage in the market decreased.
That matters because the move appears to have relied less on aggressive borrowed positions.
đ„ Around $3B in short covering and liquidations also helped fuel the rally.
Less leverage can reduce the risk of another liquidation cascade and potentially give the market a healthier base.
But traders still need to watch funding rates, ETF flows and major economic catalysts.
Is Bitcoin cleaning out leverage before another move higher? đ
$BTC
Bitcoin just showed an interesting setup: price moved higher while open interest dropped sharply.
$BTC rallied more than 23%, pushing toward the $77Kâ$79K area, while leverage in the market decreased.
That matters because the move appears to have relied less on aggressive borrowed positions.
đ„ Around $3B in short covering and liquidations also helped fuel the rally.
Less leverage can reduce the risk of another liquidation cascade and potentially give the market a healthier base.
But traders still need to watch funding rates, ETF flows and major economic catalysts.
Is Bitcoin cleaning out leverage before another move higher? đ
$BTC
