I noticed that Bitcoin is already above 73,000, and open interest in futures is growing. This usually indicates that traders are actively using leverage on futures, trying to catch an upward move. The market is clearly in a high-volatility mode. Interestingly, futures are showing such demand — people are clearly betting on continued growth. But when there's so much leverage on futures, you need to be cautious because a sharp pullback could trigger a cascade of liquidations. Currently, futures are literally boiling with activity. I’m looking at the charts — if it pulls back, it could be an interesting entry point for those waiting for a correction.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin