2026-01-08 17:26:39

BTC rebounded to around $90,500 after testing the support level at $89,200. This support level coincides exactly with the 50-day moving average. However, the market has failed to break through the key resistance at $95,000, leading to recent two-day sideways consolidation, mainly due to the continuous outflow from ETFs.

What’s more noteworthy is the derivatives side. The total open interest in futures and options has surged to nearly 700,000 BTC, a new high in the past three weeks. Since the beginning of the year, the entire market’s leverage exposure has increased by approximately 75,000 BTC. The funding rate for perpetual futures remains at a positive 0.09%, indicating that longs are paying shorts to maintain their positions. This reflects traders using leverage to buy the dip, but the cost is that longs face greater liquidation risk—if prices drop sharply, the chain reaction can be fierce.

BTC-0.47%

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DeFiCaffeinator

· 01-11 12:21

Leverage players are poetically welcoming liquidation again, with 700,000 BTC unliquidated... Are they going to be timid this time or not?

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TokenDustCollector

· 01-10 05:07

90500 stuck and unmoving, how else can I play? --- 70 million tokens in contract, this leverage exposure really can't hold up --- ETF is selling off again, why is it so annoying --- Waiting to see who gets liquidated, anyway it's not me --- Funding rate is at 0.09, the longs are bleeding --- Can the 89200 line hold? Feels like a cliffhanger --- Once chain liquidation starts, how cold-blooded it is --- 95000 will be broken sooner or later, just a matter of time --- Leverage buying the dip sounds great, but where is the risk so easily controlled? --- This wave of volatility is so boring, when will there be a trend?

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WhaleSurfer

· 01-10 00:31

The $95,000 level is really stuck, and the leverage explosion made this move too aggressive.

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RugPullAlertBot

· 01-08 17:56

$95,000 is a tough barrier to break through, feeling like we're going to go through repeated shakeouts again. Leverage is so high? The liquidation risk really can't be sustained. ETFs are still dumping, can this rebound last? It's a bit uncertain. 700,000 open positions, a big waterfall could trigger a chain reaction, and there might be no time to cry. Bullish traders are being cut one after another, and the funding rate is still bleeding, this rhythm is too vicious. $89,200 is being firmly defended, it looks like the old whales are protecting the market.

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CompoundPersonality

· 01-08 17:56

700,000 open contracts? These leveraged players are getting more and more aggressive; they'll be knocked down sooner or later. The 95,000 level is really a bottleneck, ETF is still pouring cold water, it's uncomfortable. The liquidation risk definitely needs to be watched; a sudden sharp drop could cause the bulls to explode. How long this 89,200 support can hold depends on these two days.

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rugged_again

· 01-08 17:55

700,000 open positions. The leverage is quite high. The risk of liquidation is skyrocketing, everyone.

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CryptoWageSlave

· 01-08 17:50

Leverage is too high, if it crashes this time, it will be bloodshed Stuck at 95,000? When will it break? Shaking every day 700,000 BTC open interest... Are they trying to trigger a collective liquidation? ETF outflow pressure is so strong, how can the bulls bottom fish? The fee rate of 0.09% doesn't seem high, but the scale of this position is frightening Starting to accumulate leverage again, history always repeats itself Support held, but there's no strength to break through, a typical oscillation deadlock Bulls paying to maintain their positions... Basically gambling on the direction With such high liquidation risk, dare to add leverage? Truly bold

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NoodlesOrTokens

· 01-08 17:48

Why can't it break through 95,000? It feels like someone is dumping the market. With such high leverage, there are quite a few people waiting to get liquidated. ETFs are bleeding again, this is like handing knives to the bears. 70 million BTC in open positions... if a waterfall occurs, the liquidation orders will be queued. Be careful not to use leverage; the current situation is too risky. If you can't break through, don't force long positions; the risk is too high. Funding rates are still favoring the longs, making it difficult to make money.

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SchrodingerAirdrop

· 01-08 17:38

Leverage long positions are so aggressive, are you really not afraid that 95,000 won't break and there will be a sudden plunge?

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DataOnlooker

· 01-08 17:37

700,000 contracts are left hanging, and the leverage stacking is quite intense. I have a feeling something might happen one day. Buying on dips is the right move, but I'm worried that a sudden flash crash could wipe everything out. The ETF is still bleeding, why can't we get past the 95,000 level? The long-term fee rate is still positive, indicating that some people are confident in a rebound, but I am really concerned about the liquidation risk.

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