Cryptocurrency analytics firm Alphractal has provided an update on Bitcoin's leverage risks, sharing two potential price scenarios. The firm's data shows that there are twice as many long positions that have not been liquidated as short positions, which can lead to greater losses during market declines. Alphractal also expressed concerns about low liquidity and minimal trading activity in the $72,000 to $86,000 range, potentially causing sudden price swings. Bitcoin's open interest has decreased, indicating a decreasing attraction towards leverage. Additionally, the firm observed a rise in long positions on Bitfinex, which historically predicts price declines. The analysts suggest that Bitcoin may face downward pressure in the coming weeks if this trend continues.



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