The point to the peak of Binance is 1.5 years

Bitcoin continues to show upward momentum as it finally regained a critical price sign. As of the latest data, BTC has been trading shortly over $ 109,000; However, it has been recovered since then, and is now trading at 108,959 dollars, which represents an increase of 3.5 % over the past 24 hours.

This puts the original less than 1 % from its highest level at 109,958 dollars registered in January. The assembly depends on weeks of gradual appreciation of prices, indicating the continuous upward feeling among investors. However, while the price movement looks strong on the surface, market standards indicate a more accurate image under it.

new Data From encrypted analyst, Maartunn highlights a shift in trading behavior, especially in Binance, the largest exchange of cryptocurrencies in the world by size.

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Bitcoin Futures increases with an increase in the percentage of breaks to a height

In the post -“future contract rate” rate achieved by “a spot to the future) (Pence) to a height of 1.5 years,” the analyst pointed out that the percentage between the immediate size and the size of futures reached 4.9, which is the highest level in 18 months.

On May 12, Binance recorded $ 30.17 billion in immediate trading volume for $ 115.56 billion in futures trading. This difference 4.9X indicates that the speculative interest, which is often moved by the leverage, currently exceeds the pressure of the direct purchase that was seen in the topical markets.

The period to future contracts provides an insight into the balance between the purchase of actual assets and the speculation based on the derivative. A higher percentage means that trading is largely concentrated in future contract markets, where traders are betting on price movements without owning basic assets.

This style often reflects feelings in the short term and location instead of long -term condemnation. Although the activity of high future contracts can inflame market movements in either direction, it may also indicate caution, as merchants have been surrounded instead of accumulation. The ongoing gap between the immediate folders and the future indicates that the speculative financial lever plays a major role in the current Bitcoin assembly.

Balanced profitment indicates the stability of the market

Meanwhile, the scales on the chain presented by another encryption analyst, Crazzyblockk, increase the context of morale in the broader market. According to DataThe profitability through investor groups is still high: BTC governor rises to less than a month by 6.9 % in unveiled gains, while short -term holders (less than six months) are witnessing gains of 10.7 %.

Despite these high profit margins, there was no significant sign of collective profits or troubled sale. The unrealized UPL/UPL rate reveals that although the majority of the network is in profit, the distribution of gains through different investor groups is still relatively balanced.

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This type of profitability distributed is historically associated with reducing fluctuations and low risk of sudden corrections. Crazzyblockk pointed out that in previous sessions, the extreme profit concentration is often preceded by one group, and their short -term holders are usually preceded by major sales.

However, the current structure seems more stable, with no signs of increased pressure pressure. Although the risks of macroeconomic economics and external fluctuations remain factors for viewing, combining strong prices, fixed accumulation, and limited distribution indicates that the market may prepare for a new stage, which may lead to the outbreak of Bitcoin’s height at all.

A distinctive image created with Dall-E, the tradingView chart