Bitcoin’s Price Recovery Masks Growing Risk From Overleveraged Long Positions
After going through challenges final week, Bitcoin (BTC) has regained energy, igniting optimism amongst derivatives merchants. Bullish positioning has elevated sharply, pushing key indicators to notable highs. However, predominantly destructive exchange-traded fund (ETF) flows and weakening institutional demand are fueling issues over elevated long-liquidation threat. Bitcoin Derivatives Turn Bullish Despite Soft Spot Demand Bitcoin opened…
