Is the recent rise in the price of Bitcoin deceptive? Analyst Pumping Said! - Coin Newsletter

According to analysts, the recent rise in the price of Bitcoin (BTC) was triggered by an increase in leveraged positions in the futures market and may not be permanent.

CryptoQuant analyst Maartun noted that there has been a rise in Bitcoin, supported by leveraged trading, with open interest reaching $27.9 billion. According to the data shared by the analyst, open interest has recently increased by about 13% with 3.3 billion dollars, indicating that investor interest is rising rapidly.

According to Maartun's analysis, recent movements in the price of Bitcoin are directly linked to the increase in open interest in futures. While this rapid rise in futures markets signals an inflow of new capital into the market, it also indicates that price volatility may also increase due to the increase in leveraged positions.

According to data from Maartun, the (open interest) increase in open interest in futures suggests that investors are reinforcing investors' bullish expectations for the price of Bitcoin. However, this also means that there could be large waves of liquidations in the market. As in the past, if the price experiences a sudden drop, sharp moves can be seen with the rapid liquidation of leveraged long positions.

In recent days, the price of Bitcoin has risen from $72,000 to $84,000. According to Maartun, whether this rise will continue or not will depend on movements in open positions. If leveraged trades become too high, the market may experience sharper swings.