Bitcoin: The Rollercoaster Ride You Didn’t Sign Up For! 🎢💰

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So, Bitcoin is still playing hide and seek below its all-time high, huh? It’s like that friend who always says, “I’ll be there in 5 minutes” but shows up an hour later! ⏰

Right now, BTC is lounging at $104,835, down 2.1% this week. It’s like it’s on a diet, but the only thing it’s losing is weight—6.3% from its peak of $111,814 last month! Talk about a dramatic weight loss program! 💸

After the Federal Reserve decided to keep interest rates as stable as a three-legged dog on roller skates, analysts are scratching their heads over Bitcoin’s price and derivatives market doing the cha-cha! 💃🕺

Derivatives Deleveraging and Liquidation Clusters Shape Price Structure

According to our buddy Amr Taha from CryptoQuant, BTC is hanging out above the $104,000 support zone, where it seems like strong demand is playing bouncer to the sell pressure. No entry for you, sellers! 🚫

But wait! Taha also noticed that open interest on Binance is dropping faster than my New Year’s resolutions. Lower lows, folks! That’s a sign the derivatives market is on a serious diet! 🍽️

Now, here’s the kicker: while the price is chilling around $104,000, open interest is doing the limbo! Traders are pulling back their leveraged positions like they just saw their ex at a party. Awkward! 😳

And guess what? The $104K zone is turning into a liquidity hotspot! Long positions are getting liquidated like they’re on a reality show—out with the old, in with the new! 📉

Our analyst friend thinks this deleveraging phase could be the springboard for a price rebound—if the macro conditions play nice. Historically, Bitcoin loves a good rate pause, like a kid loves a snow day! ❄️

With open interest stabilizing and liquidations dropping, we might just be setting the stage for a new upward push! Fingers crossed! 🤞

Bitcoin Whale Activity on Binance and Shifts in Market Behavior

In another corner of the crypto circus, analyst Oinonen is waving the flag for growing whale activity on Binance. Since 2023, the whale ratio metric has skyrocketed from 0.08 to a jaw-dropping 0.77! Talk about a whale of a tale! 🐋

This 400% increase shows that big fish are swimming in the accumulation pool! Whale inflows and retention on Binance are like a warm hug during market storms! 🤗

And during the recent market rollercoaster, Binance users are holding on tighter than a kid on a merry-go-round! Inflows are low, and panic selling is out—everyone’s waiting for the price to go up like it’s the last slice of pizza! 🍕

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2025-06-20 06:06