CoinWorld news, crypto analyst Murphy pointed out that during Bitcoin's rebound from $58k to nearly $64k, spot trading volume declined rapidly, lacking support from spot demand. Meanwhile, the USDC/USDT exchange rate fell from 1.001 to 1.0006, and the outflow of mainstream stablecoins on trading platforms narrowed. The 7-day average of perpetual contract long premiums rose to $160k per hour, with open interest higher than the February level this year. As the rebound continues, the risk of a long squeeze is accumulating.

BTC0.24%
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StakingLibrarian
· 2h ago
Wait for a pin bar; rushing in now risks getting buried.
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DaoSidekick
· 4h ago
Stablecoin outflows narrowing + high contract holdings, classic script.
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RugProofRita
· 5h ago
The long premium of 160k per hour, this leverage is quite scary.
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ColdBrewYield
· 5h ago
Spot volume can't keep up with the price, this rebound is a bit weak.
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GateUser-1859b7cd
· 6h ago
Position volume exceeds February level, feels like it could explode at any moment.
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StillHereAfterTheRugPull
· 6h ago
USDC/USDT exchange rate decline indicates funds are on the sidelines, with no real money entering the market.
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