$BTC
Is this leverage or real demand?
Open interest at $45.2B and rising. $59.4M of long liquidations cleared in 24h against $12.4M on shorts. Buy-side aggressive volume above sell-side, but not consistently 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.
Is this leverage or real demand?
Open interest at $45.2B and rising. $59.4M of long liquidations cleared in 24h against $12.4M on shorts. Buy-side aggressive volume above sell-side, but not consistently 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.