Opinion: Bitcoin pullback may help market leverage reset
2025-10-07 19:01:34
Glassnode said the volume of unpositioned squaring contracts in BTC futures surged as traders placed multiple positions when Bitcoin broke through the previous high. The current pullback is testing the resilience of these long positions and helping to reset market leverage. Two signals need to be focused on in the future: when and where buyer power is intervening, and whether key support levels can re-stimulate market demand.
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