Everyone thinks this squeeze rally has confirmed a new uptrend, but actually the next phase is less straightforward than it looks.
You've probably felt that sting before, jumping in after shorts cover only to get stopped out when prices whip back.
Think of leftover leverage like extra passengers on a bus that's already moving. Elevated open interest means that extra weight is still there in $BTC .
If real buyers keep showing up in the spot market once the covering dies down, the rally has better confirmation and can keep going.
But if that buying momentum fades, the same leverage can send $ETH and $BTC swinging hard in the opposite direction.
Anyone else watching this setup closely?
#Bitcoin #Crypto #Leverage
You've probably felt that sting before, jumping in after shorts cover only to get stopped out when prices whip back.
Think of leftover leverage like extra passengers on a bus that's already moving. Elevated open interest means that extra weight is still there in $BTC .
If real buyers keep showing up in the spot market once the covering dies down, the rally has better confirmation and can keep going.
But if that buying momentum fades, the same leverage can send $ETH and $BTC swinging hard in the opposite direction.
Anyone else watching this setup closely?
#Bitcoin #Crypto #Leverage
