Bitcoin’s $96 billion in derivatives open interest fuels BTC price momentum near all-time highs, but rising leverage use raises the risk of liquidations and market volatility.
Key takeaways:
Open interest in Bitcoin futures and options has ballooned to $96 billion, up sharply from 2022 levels.
Elevated speculative leverage fuels BTC’s bullish breakouts, but it also raises the risk of cascading liquidations, reminiscent of 2021 volatility.
The Blues are hoping to complete the project within the next five years
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