key takeaways:
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Bitcoin Futures Open Interest set a record of $ 72 billion, indicating the growing use of leverage among institutional investors.
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$ 1.2 billion shorts have a risk of liquidation from $ 107,000 to $ 108,000, which increases BTC’s brakeout barriers.
Total open interest in bitcoin (BTC) The futures rose to a record high on May 20, questioning whether the recession posts are now at risk. Despite repeated failures to break above the level of $ 107,000 since May 18, the sheer volume of leveraged positions can take bitcoin to a new all-time high.
Total open interest The BTC futures rose to $ 72 billion on 20 May, increased by $ 66.6 billion to 8% a week earlier. Institutional demand remains a major driver of this leverage, a leading of $ 16.9 billion in BTC futures with Chicago Mercantile Exchange (CM), followed by Benance, which holds $ 12 billion in open interest.
$ 1.2 billion bearish at $ 107k-$ 108k in BTC Work Cluster
According to coinglass estimates, the largest concentration of recession BTC futures liquidation is clushed between $ 107,000 and $ 108,000, which is about $ 1.2 billion.
Although it is impossible to guess what can be a breakout above $ 108,000 to compel those leveraged shorts to relax, optimism associated with increasing concerns over the United States fiscal debt is increasing. Uncertainty remains about how the government is planning to achieve economic growth by reducing spending, especially in the light of disagreement between democratic and Republican MPs.
More important thing, but yield 20-year-old American Treasury Stay close to 4.82% to 5% two weeks ago. Weak demand for long -term government loans may force the US Federal Reserve to reversed the 26 -month trend, forcing them to step as a buyer of the final measure to maintain market stability. This approach keeps the downward Pressure on US dollar And motivates investors to look for alternative hedging strategies including bitcoins.
Gold dominates, but bitcoin absorbs the flow between reserved rebirths
Gold remains a major alternative assets, but in 2025 it makes 24% year-over year-year profit and $ 22 trillion market capitalization makes it less attractive to many investors. For reference, the entire S&P 500 index is priced at $ 53 trillion, while US bank deposits and Treasury Bill (M1) are $ 18.6 trillion. In contrast, bitcoin currently represents the $ 2.1 trillion asset class, which is almost equal to the size of the size.
Meanwhile, some areas, especially the US, have started doing ground functions to transfer parts of their gold reserves to bitcoins-one action that can easily take BTC to a new all-time high. Gold in bitcoins by those countries will convert a modest 5% revaluation to a price of $ 105 billion equivalent to 1 million BTC at a price of $ 105,000.
Connected: Bitcoin is ready for ‘vapor’ shorts once the price search begins at a price of above $ 110k
For perspective, strategy, the US-listed firm led by Michael Caurer, currently holds 576,230 BTC. There is no doubt that institutional procurement remains the primary catalyst for bitcoin to break above the level of $ 108,000. Such a step will trigger the liquidation of the condition of heavy leveraged recession, possibly accelerating a new all-time high. However, frequent macroeconomic uncertainty continues to weigh over the overall investor spirit.
As bitcoin flirts with a mark of $ 107,000, those holding small positions have increased the risk of forced liquidation – a result that can move upwards in the price.
This article is for general information purposes and is not intention and should not be taken as legal or investment advice. The ideas, ideas and opinions expressed here are alone of the author and not necessarily reflected or represented the ideas and ideas of the components.
