Bitcoin: Traders Open $348M Leveraged Positions
Bitcoin sees $348M in high-leverage bets with shorts at $64,600-$66,545 and longs at $61,200-$61,831 amid bearish 4h chart signals.
SourceAnalysis
Bitcoin bulls and bears escalated their clash as traders opened $348.48 million in high-leverage positions, with four shorts holding 3,895 BTC facing liquidations at $64,600.83 to $66,545.09 and two longs controlling 1,547 BTC at $61,200.15 and $61,831.74. Price action at $64,084.93 sits inside the Bollinger Bands testing lower support at $64,029.95 while the EMA50 at $64,498.12 caps upside and EMA200 at $63,772.59 offers deeper floor, with MACD death cross at -69.68 confirming bearish momentum despite neutral RSI at 38.92; this confluence points to probable retest of lower band exhaustion before any sustained move, shaping near-term BTC price prediction and Bitcoin leverage trading flows in the crypto derivatives market.
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