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bro, that leverage tho ๐… we're on a rocket to the moon until a sneeze from the Fed sends us crashing back to
The Bitcoin leverage is rising rapidly, with Taker ratios and open interest increasing. Could unexpected macro events trigger a 20% liquidation like in April? Bitcoin is surging in Q2 despite conflicting factors like April's correction, Fed's stance, and Middle East tensions. Market indicators show mixed signals, with attention on upcoming economic reports and FOMC meeting. Polymarket data hints at caution, with potential for a significant BTC breakout if macroeconomic data aligns. ๐
Bitcoin's buying pressure is strong, with deribit taker ratios at extreme levels and rising open interest. The current rally seems driven by speculative flows rather than organic demand, indicating potential overheating. Market sentiment remains cautious, with long-term traders accumulating positions in anticipation of rate drops. Concerns arise about a possible 20%+ correction if macroeconomic reports disappoint and leverage remains high. ๐
https://altcoin.observer/3-key-events-this-week-that-could-move-the-prices-of-bitcoin-and-cryptography/
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