$BTC IS RISING — BUT LEVERAGE IS FALLING. 👀
Bitcoin just showed an interesting setup: price moved higher while open interest dropped sharply.
$BTC rallied more than 23%, pushing toward the $77K–$79K area, while leverage in the market decreased.
That matters because the move appears to have relied less on aggressive borrowed positions.
🔥 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? 👀
$BTC
Bitcoin just showed an interesting setup: price moved higher while open interest dropped sharply.
$BTC rallied more than 23%, pushing toward the $77K–$79K area, while leverage in the market decreased.
That matters because the move appears to have relied less on aggressive borrowed positions.
🔥 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? 👀
$BTC
