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Bitcoin Leverage Squeeze Likely in ‘Coming Weeks’ - Analysts
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cryptonews.comA rapid increase in the amount of leverage coming from the bitcoin (BTC) futures market could mean that either a short or long squeeze will be seen “in the more immediate term,” according to on-chain analytics firm Glassnode.
“Whilst futures open interest is still some way off all-time-highs, rapid increases in leverage can indicate a clustering of stop-losses and liquidation levels in close proximity to the current price,” Glassnode wrote in its last The Week Onchain report for 2021.
It added
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