Bitcoin (BTC) Price Sharp Rally Runs on Less Leverage, Not More, Top Analysts Say

TLDR Bitcoin price surged about 22% from the mid-$63,000s to nearly $79,000 before consolidating. Coin-denominated open interest fell about 11% to roughly 312,600 BTC, showing leverage did not rise with price. CryptoQuant said fresh capital entered the market without a major increase in leveraged positions. Nearly $1 billion flowed into U.S. spot Bitcoin ETFs over [...]

The post Bitcoin (BTC) Price Sharp Rally Runs on Less Leverage, Not More, Top Analysts Say appeared first on Blockonomi.