Bitcoin 
$121,394.05The price of 120 thousand dollars in the last 24 hours by exceeding the threshold reassured once again. The largest crypto currency thus made 3.7 percent in the last 24 hours, 14 percent in the last 7 days and about 25 percent of the last 30 days. However, the increasing open position and leverage data at the same time show that the danger of a sudden correction has grown behind the apparent enthusiasm.
Open position volume in Bitcoin broke a record
According to the data provided by Cryptoquant, in the futures of the Binance Exchange open position The volume of all time by increasing to $ 14.1 billion broke And it clearly demonstrated the new capital flow to the market. Both individual and corporate investors are turning to leverage transactions and accelerating the rise. Previous examples show that the price of such explosions can move further up in the short term.
On the other hand BinanceIncreasing the estimated leverage ratio to 0.204 points to a warming that has not been seen since August 2023. Although it enlarges high leverage gains, a possible sales wave can create chained liquidations and withdraw the price at the same speed. Investors should be prepared for the domino effect of rapid profit intake or damage triggers in case of this “double sword”.
TBSR indicator does not alarm either
Again by Cryptoquant Take-sale ratio (TBSR) The indicator increased to 1.14. shows. This appetite nourishes short -term earnings, increasing the risk of the market to create a peak because the sales pressure hardens when the extreme optimistic investor audience has a change of direction.
In daily graphics Macd And Ao Still watching positive Rsiclimbing to 78 levels of the procurement signal. Cmf‘s 0.23’ten breaking down the direction of the capital entry slows down. Critical support to be followed in possible withdrawal will be 120 thousand, 116 thousand and 110 thousand dollars. If the price cannot be held in these regions, a deepening correction may come to the agenda.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
