Crypto Leverage Hits Highest Since October 10: Pullback Possible Before Rally
- —Crypto market leverage reached its highest since October 10
- —TD Sequential on the 4-hour BTC chart flipped to a sell signal
- —Over $100 million in sell orders is concentrated at current BTC prices
- —BTC outperformed Nasdaq by 42% over three months, BTC/XAU rose to 18.55
Why it matters: A squeeze on longs could clear speculative capital from the market and pave the way for BTC to return above $85,000 in Q4.
Source: AMBCrypto