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Bitcoin traders are large, but is this rally built on a fragile lever effect?

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  • lmfao bitcoin whales playing with leverage like it’s monopoly money, but hey, as long as $BTC holds $117k, we good,

    Main to remember:
    📈 Bitcoin’s high open interest and financing rates indicate bullish lever positioning. Exchange entries rise while the MPI stays negative, showing mixed pressure.

    Bitcoin:
    💰 Derivative market activity remains high with nearly $42 billion in open interests. Positive funding rates suggest a strong appetite for long positions, but aggressive leverage can pose risks in case of sudden price shifts.

    Can Bitcoin support support?
    💪 Bitcoin holds crucial support above $117,000, but indicators like Parabolic SAR and RSI signal a potential reversal. Recovery above $121,600 could resume the uptrend.

    Why do more bitcoins flow in exchanges?
    💸 Exchange netflows turned positive, suggesting profit-taking or reduced exposure risk. While bullish sentiment prevails, increased caution among holders could temporarily weigh on momentum.

    Do minors support the rally while keeping their pieces?
    ⛏️ Miners’ Position Index (MPI) at -0.92 shows reduced selling pressure with fewer coins sent to exchanges. Their confidence in current price levels supports the ongoing uptrend.

    Is Bitcoin still undervalued?
    💰 NVT Golden Cross at -1.96 indicates potential undervaluation relative to on-chain activity. Historically, such values preceded major bullish

    Bitcoin traders are large, but is this rally built on a fragile lever effect?

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