Main takeout:
Bitcoin Future’s public interest was $ 72 billion and signaled the use of leverage among institutional investors.
The $ 1.2 billion shorts of $ 107,000 to $ 108,000 are in danger of liquidation, increasing the chance of breaking the BTC.
The total open interest in the BTC (Bitcoin) futures was the highest record on May 20 and questioned whether the weakness was in danger. Despite repeated failures that have not exceeded $ 107,000 since May 18, the quantity of leverage positions can be promoted at a new all -time high.
The total open interest on BTC futures rose to $ 7.2 billion on May 20, up 8% from $ 66.6 billion a week ago. The Chicago Merchants Exchange (CME) is a major driver of this leverage with BTC FUTURES with $ 16.9 billion in Chicago Merchant Exchange (CME), and this time it has $ 12 billion in interest.
$ 107K in Bearish BTC Liquidation Cluster
According to the CoingLass estimates, the weakest BTC futures liquidation ranges from $ 107,000 to $ 108,000.
It is impossible to predict that it can cause more than $ 108,000 to escape to loosen leverage shorts, but optimism is increasing, with concerns about US financial debt. Uncertainty is that the government plans to achieve economic growth, and there is still uncertainty about how to reduce spending in light of the continuous disagreement between the Democrats and the Republican lawmakers.
More importantly, the US Treasury yield remains nearly 5%to 5%two weeks ago. Weak demand for long -term government debt can be forced to enforce the US Federal Reserve Bank to reverse the 26 -month trend as the last means buyer to maintain market stability. This approach lowers the pressure on the US dollar, and investors lead to finding alternative healing strategies, including Bitcoin.
Gold is dominant, but Bitcoin absorbs the flow in the preliminary assignment.
Gold remains a dominant alternative asset, but it has gained 24%of interest in 2025, and the market cap of $ 220 billion is less attractive to many investors. In the context, the total S & P 500 index amounts to $ 53 trillion, while the US bank deposit and financial bills (M1) are $ 18.6 trillion. In contrast, Bitcoin currently represents an asset class of $ 2 trillion.
Meanwhile, some regions, especially the United States, began to lay the foundation to convert some of the gold reserves into Bitcoin. This was an easy way to promote BTC at a new highest record. The country’s appropriate reconciliation from gold to Bitcoin from gold to Bitcoin will lead to $ 105,000, with $ 100 billion in inflow of $ 100 billion.
relevant: Bitcoin is ready to ‘evaporate’ shorts when the price discovery of more than $ 110K begins
For the strategy, the US listed company led by Michael Saylor is currently owned by 576,230 BTC. There is no doubt that the purchase of institutions remains the main catalyst of Bitcoin. Such movements can lead to a new high -end peak, causing the liquidation of severely used weak positions. However, continuous macroeconomic uncertainty continues to focus on the overall investor sentiment.
As Bitcoin is hit by $ 107,000, people with short positions have increased risk of forced liquidation, which can further develop prices.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.