bitcoin magazine pro - Bitcoin leverage builds near $75K – Why it could be a BTC bear trap
Normally, mixed signals tend to create a volatility loop as momentum builds on speculation.
Looking at Bitcoin [$BTC], it seems to be playing out the same way. According to CoinGlass, Open Interest (OI) has jumped back to early February levels, crossing $55 billion, the biggest spike since the war started. But back in February, $BTCwas trading above $75k, while this time it’s still struggling below that key resistance.