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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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