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Bitcoin Leverage Heats Up as Traders Bet on Price Rebound
Traders are once again cranking up leverage, even as Bitcoin extends its sideways trend and broader crypto market risks persist.
The top crypto has continued to trade between $62,000 and $71,000 since February 6, with no meaningful breakout attempts. Still, investors are piling in, increasing leverage, and hoping for a breakout rally.
“The increase in retail activity signals growing speculation and leverage buildup that frequently comes before volatile crypto movements,” Nick Ruck, Director of LVRG Research, told Decrypt.
The annualized three-month futures basis on major centralized exchanges such as Binance, OKX, and Deribit has widened from approximately 1.5% to 4% since...