CoinScoopCryptoQuant analysts warn of risks to Bitcoin recovery
CryptoQuant analysts report that while Bitcoin has undergone its sharpest deleveraging since 2023, the return of traders to leveraged positions on Binance poses a risk of further liquidation waves. Despite a decline in open interest, it remains elevated at $9.6 billion. Additionally, retail investors are reportedly selling into the current price rally, as indicated by negative spot demand metrics.
Summaries are written by AI from the original article. Not investment advice.