Binance Open Interest Surges Past Average as Leverage Returns to Bitcoin
Leverage is making a comeback to Bitcoin, with Binance's open interest surging to $9.6 billion, exceeding its 180-day average of $8.3 billion.
This sudden increase in leveraged trading follows one of the sharpest liquidation periods since 2023, according to CryptoQuant analyst Darkfost.
The return of traders supports Bitcoin's recovery, but it also raises concerns about excessive leverage accumulating and potentially leading to a new sharp flush out if prices reverse.