Bitcoin has exceeded its highest level at all times again, as it recorded a new peak exceeding $ 111,000 amid continuous upward momentum through the encryption market. As of the time of writing this report, Bitcoin is traded at $ 111,226, which reflects an increase of 2.2 % over the past 24 hours.
This upward movement has paid originally beyond the psychological threshold of $ 110,000, which enhances optimism in its medium -term course. However, analysts monitor the basic market data that may indicate emerging risks under the surface of the march.
Bitcoin exchange flows and increased cautious influence rates reflect
Cryptoquant Amr Taha’s shareholder recently published a detailed analysis Highlighting the main measures of Binance, including net flow, open attention, and leverage levels. These scales, when collected together, reveal a common preparation that reminds us in December 2024, a period preceding short -term corrections.
Although Bitcoin price procedures have been positive, the presence of flows on the high stock exchange and speculative sites can indicate that some investors are preparing to make profits. According to Taha, Binance noticed a noticeable increase in flows, as it entered about 3000 BTC and 60,000 ETH into the exchange as Bitcoin broke up up.
This shift from external flows indicates that investors may transfer assets to trading platforms with the intention of selling or controlling their positions. Historically, large net flows were linked during price peaks to increase the sales activity, especially when market participants aim to obtain gains after the extended rise.
Taha also pointed out that the open benefits (OI) on Binance increased to the last 12 billion dollars in December 2024. The open interest indicates the total value of the future future contracts and is often seen as an indication of speculative participation in the market.
While the height of OI can support the upscale continuity during the upscale stages, it may also increase the risk of volatility if it is not supported through the demand for immediate market. Regarding this, the estimated leverage of Binance has returned to 0.20, which reflects the previous highlands, indicating that many merchants use a large crane. High leverage levels tend to increase sensitivity to price fluctuations and can inflate the liquidation during sudden corrections.
Are the market conditions frequency of December?
Taha concluded his analysis, as he revealed that although any of these indicators is not intended by its own, it is the simultaneous occurrence of a new rise in all at all that can indicate instability in the short term. In previous sessions, these groups were associated with high financial leverage, OI’s height, and exchange flows with increased profit attraction and topical decline.
Taha wrote:
These are not significant signals in its nature in isolation. However, when combining, they are historically linked to the behavior of attracting profits and often precedes fluctuation or corrections. Traders and investors must remain on alert: these same conditions are characterized by the beginning of the translated summits in late 2024, especially after periods of the upward trend.
A distinctive image created with Dall-E, the tradingView chart
