Sharoo khan
10/07 10:11
Definition of a leverage driven pump' — 5 Things t
Definition of a leverage driven pump' — 5 Things t
Bitcoin (BTC) bounces into a new week, attempting to set new October highs, but worries about market sustainability are everywhere.
- BTC price action challenged $64,000 after the weekly close, but high leverage levels make observers suspicious.
- A slew of macro data prints is due to facilitate a week fraught with potential volatility.
- Onchain data suggests that Bitcoin’s long-term holders are reducing risk this month.
- Short-term holders are meanwhile under the microscope as leverage and open interest both rise precipitously.
- Is Uptober canceled? Some perspectives maintain that BTC/USD will return in time for the monthly close.
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