Bitcoin futures buying pressure hits highest since August
- —BTC Positioning Pressure rose to 4.9, the highest since 5.1 on Aug. 19
- —Open interest up 3% in 24 hours, from 301,900 to 310,800 contracts
- —BTC price climbed from $83,400 to $85,300 over the same period
- —Holding above $85,000 confirms the rally; a break below $83,000 would accelerate long liquidations
Why it matters: Rising open interest and buying pressure raise the risk of a sharp liquidation cascade if BTC drops below $83,000.
Source: Bloomingbit