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Opinion: Bitcoin Pullback May Help Reset Market Leverage
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Jinse Finance reported that, according to Glassnode, as Bitcoin broke through previous highs, traders increased their long positions, causing a sharp rise in BTC futures open interest. The current pullback is testing the resilience of these long positions and is helping to reset market leverage. Going forward, two signals should be closely monitored: when and where buying power steps in, and whether key support levels can reignite market demand.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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