, Glassnode released data on social media stating that as Bitcoin breaks through previous highs, traders are increasing their long positions, leading to a surge in the open interest of BTC futures contracts. The current pullback is testing the resilience of these long positions, which helps in resetting the market leverage
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, Glassnode released data on social media stating that as Bitcoin breaks through previous highs, traders are increasing their long positions, leading to a surge in the open interest of BTC futures contracts. The current pullback is testing the resilience of these long positions, which helps in resetting the market leverage