BTC rebounds at the $89,200 support level, with derivatives leverage reaching a three-week high

2026-01-08 17:00:11

【CryptoWorld】Bitcoin rebounded to the $90,500 range after finding support at the critical $89,200 level today. This support level coincides with the 50-day moving average. According to market trading supervisors, the market has been repeatedly resisted at the $95,000 level and unable to break through effectively, resulting in recent two-way volatility. Over the past two trading days, the market has been mainly dominated by significant ETF outflows, with short-selling sentiment strengthening.

More notably, the leverage changes in the derivatives market deserve attention. The total open interest in BTC futures and options has surged to nearly 700,000 BTC, hitting a three-week high and increasing by approximately 75,000 BTC since the beginning of the year. This indicates that market participants are gradually increasing their leverage exposure.

The funding rate for perpetual futures remains around 0.09% positive, meaning longs need to pay shorts to maintain their positions. Under this rate environment, traders may be leveraging up to buy the dip, but this also means that long positions face greater liquidation risks. If the price falls below the key support, it could trigger chain liquidations.

BTC-0,81%

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LiquidationOracle

· 21h ago

Leverage hits a new high, with such low fees, longs are still losing everything, hilarious

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RadioShackKnight

· 01-08 17:29

Leverage hits a new high again? These people really aren't afraid of death, with such low fees...

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MaticHoleFiller

· 01-08 17:27

Leverage is hitting new highs again. This time, it feels a bit dangerous. --- If 95,000 can't be broken, it will have to be tested repeatedly. This price is so annoying. --- ETFs are selling off again, and the bears have been on a rampage these two days. --- Leverage on 700,000 BTC... How many positions need to be liquidated to feel comfortable? --- Funding rates are still positive, and all the long traders' hard-earned money is going to the shorts. --- 89200 has held, but it feels like there's more to the story. --- Can this rebound break through 90500? It feels like it might get pushed back again. --- When leverage hits new highs, it's usually the most dangerous. What do you think? --- Why do we keep bouncing off these key levels? It's so frustrating.

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DeadTrades_Walking

· 01-08 17:26

Leverage is piling up again, this time it's really going to liquidate the position.

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ForumMiningMaster

· 01-08 17:26

Leverage is back up again. Can it break 95 this time, or will it keep bouncing?

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TokenomicsDetective

· 01-08 17:24

Leverage stacking crazily, just waiting for a big bearish candle to show you what a liquidation event looks like... Don't go where there are many people, this pace is too dangerous. If 95,000 can't be broken, then it has to be smashed, don't be wishful thinking. 700,000 contracts are hanging there, with positive fees, this is laying out the red carpet for the bears. ETF outflows combined with a surge in leverage? This combo is a bit fierce, feels like something is brewing. The bulls are working for the bears, and this situation could turn into a slaughter. Support levels are useless, without a real breakout, everything is pointless.

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Rekt_Recovery

· 01-08 17:23

700,000 open positions? Dude, this is heading towards a collective liquidation, leverage PTSD is back...

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