Bitcoin Leverage Cools Amid Miner Selling Pressure

Bitcoin's recent price surge near $82,000 saw an increase in leveraged trading on Binance, with open interest briefly surpassing $10 billion. However, this leverage has since cooled down, reducing liquidation risks and potentially stabilizing the rally.

Miner selling pressure remains low, indicating limited immediate supply, which supports the recovery. Bitcoin's correlation with gold has risen significantly, suggesting investors are viewing it more as a defensive asset.