Traders Load Up on Nine-Figure Bullish Bitcoin Bets, Raising Liquidation Risks

Heavy leverage in bitcoin derivatives has set up the market for potential downside cascades, with pockets of vulnerability looming if prices break lower.

Traders are taking on nine-figure leveraged bullish bitcoin positions, exposing the market to sharp downside risks if prices reverse.

Data from The Kingfisher shows a cluster of liquidation levels between $113,300 and $114,500 that could spark a cascade back to $110,000 support.$ETH