Leverage or real demand?

Asked that straight on the $BTC liquidation heatmap. Alpha AI read the chart and gave this:

Open interest at $45.2B and rising. $59.4M of long liquidations cleared in 24h vs $12.4M on shorts. Buy-side aggressive volume above sell-side, but not consistent across timeframes. Exchange reserves climbing in dollar terms.

Verdict: bullish but fragile. Price can push higher if the shorts above get squeezed, but leverage is doing most of the work — not spot demand.

The map underneath says the same thing. Positioning is 73% long, with $65.80B of downside liquidation fuel against $23.9B above.

That's one question, on one chart. Alpha AI works on every chart on the platform.

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