@danilabodrov
Bitcoin at risk of further decline amid leverage peak and 'huge' Ethereum rotation: analyst
Notional open interest in bitcoin perpetual futures has surged to a two-year high of over 310,000 BTC ($34 billion) — up 41,607 BTC in the last two months alone — with a sharp weekend acceleration of 13,472 BTC marking a potential inflection point, K33 Head of Research Vetle Lunde said in a Tuesday report. The spike, paired with a jump in annualized funding rates from 3% to nearly 11%, signals increasingly aggressive long positioning at a time of relative price stagnation, he explained.
https://www.theblock.co/post/368442/bitcoin-vulnerable-downside-perp-leverage-two-year-high-huge-ethereum-rotation
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