CoinDesk message, scenariox noted that without spot demand support, Bitcoin’s upward momentum is driven by derivatives, which poses the risk of large-scale long liquidations.

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CustodianSkeptic
· 21h ago
Beware of liquidation.
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FloorProphet
· 21h ago
The market has already entered a phase of pure leveraged trading, with a lack of real demand. Once the long side triggers a stampede, the liquidation volume will be extremely terrifying. It’s recommended to reduce leverage or stay flat and wait.
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BounceLimer
· 21h ago
With such a high funding rate, the whale market maker is waiting for the opponent’s position to fill.
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BitcoinLighthouse
· 21h ago
Without spot buy-side support, pushing the market up in derivatives is likely to collapse.
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