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Заголовок Is Bitcoin (BTC) Demand Rising? More Investors Dive Into Leveraged Trades
Дата 20241007

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Is Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Demand Rising? More Investors Dive Into Leveraged Trades

Is Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Demand Rising? More Investors Dive Into Leveraged Trades

by Sebastian Villafuerte

2 mins ago

in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News

0

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has been navigating a turbulent landscape of volatility and erratic
price action since the Federal Reserve announced an interest rate cut 20 days
ago. This pivotal moment has left analysts and investors on edge, with many
anticipating a significant rally for BTC in the coming weeks. Favorable
macroeconomic conditions combined with the approaching halving cycle suggest
that substantial gains could be on the horizon.

Critical data from CryptoQuant indicates a potential increase in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
demand as leverage trading activity reaches new highs. This surge in leverage
trading typically signifies heightened interest and participation in the
market, suggesting that traders are positioning themselves for a breakout.

Related Reading: US Spot ETFs Hold 4.6% Of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Supply – Is BTC
Institutional Demand Growing?

If BTC can successfully breach its current resistance levels, a massive rally
could be imminent, energizing the market and drawing even more participants
into the fold.

The interplay of macroeconomic factors and technical indicators creates an
intriguing backdrop for BTC s price action, making it a focal point for
traders and investors as they closely monitor the unfolding dynamics in the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта landscape. With anticipation building, all eyes are on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
as it strives to reclaim bullish momentum.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Investors Seeking High-Risk Bets

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin appears poised for a massive rally, driven by the cyclical nature of
its four-year halving and favorable macroeconomic conditions. According to key
data from CryptoQuant, the market is gearing up for this potential surge, as
evidenced by the rising demand for leveraged trades on exchanges, which
indicates a positive trend.

Top crypto analyst Ali recently shared a valuable CryptoQuant chart on X ,
highlighting that leverage usage across crypto exchanges is reaching new
yearly highs.

The estimated leverage ratio for BTC on these exchanges is currently at 0.21,
suggesting a significant increase in high-risk bets as more investors engage
in leveraged trading. This uptick in leverage usage typically correlates with
a heightened demand for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, which can increase prices as traders amplify
their positions.

Leverage usage across crypto exchanges is soaring to new yearly highs. |
Source: Ali on X

However, it s essential to recognize the risks associated with leveraged
trading. While increased leverage can create a positive feedback loop,
enhancing upward price momentum, it can also exacerbate losses if the market
turns against traders.

If Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price declines, those holding leveraged positions may be
forced to sell, leading to a sell-off that could negate any gains from the
initial rally.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Miners Dump $143 Million In 6 Days – A Sign Of
Trouble?

As Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin navigates this critical juncture, the dynamics of leverage trading
could play a pivotal role in shaping its price action. Investors must remain
cautious, balancing the potential rewards of a rally against the inherent
risks of leveraging their positions. With the halving cycle and rising
leverage, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s path forward promises to be both exciting and
volatile.

BTC Testing Key Resistance Level

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is trading at $62,900 after struggling to reclaim the historically
significant daily 200 moving average (MA) at $63,548. This key indicator is
crucial for the bulls, as breaking above it would signal a potential shift in
momentum and set the stage for a test of the recent highs around $66,000. BTC
price rejected the 1D 200 MA. | Source: BTCUSDT chart on TradingView

However, if BTC fails to surpass the daily 200 MA, the market sentiment may
shift negatively. A drop below the psychologically important $60,000 level
could trigger a deeper correction, with support levels around $57,500 coming
into focus.

Related Reading: Dogecoin Whales Back In Action – Metrics Reveal $108 Million
DOGE Accumulation

The next few days will be critical for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price action. A
successful break above the 200 MA would indicate bullish momentum and
reinvigorate investor confidence in the upward trajectory of BTC. Conversely,
a failure to reclaim this level could lead to increased selling pressure and a
more significant pullback, testing buyers resilience in the market.

As traders closely monitor these levels, the coming sessions will reveal
whether BTC can regain its bullish footing or face further challenges.

Featured image from Dall-E, chart from TradingView

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