Bitcoin (BTC)

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Focused in information, not narratives. https://t.co/QwRXdNnjQv

Bitcoin is now at the “slight leverage” level, and here is why it matters right now.

After the deleveraging event we saw in recent weeks, traders are starting to overload the market with leveraged positions again, probably under the belief that the price bottom is already in.

This can last for a few more days until high leverage returns once again.

Periods of aggressive leverage are terrible for the market because they signal that many liquidations may be ahead.

If leverage keeps increasing again, I do not believe in a price rally. I believe in more downside.

And as I said before, I am still waiting for the blue and purple zones, because those are extreme deleveraging events that historically offered better conditions to position with more confidence.

Right now, the best move is simply to wait and monitor the data.

Patience is the key to success.