🔥Net positions in the derivatives market indicate large concentrations of Longs, which could support a correction in the Bitcoin price. The Liquidity Zone monitors settled positions of Longs and Shorts, as well as displays an Open Interest profile to identify where there was a higher influx of leveraged money. When the price turns red, it signals many Shorts, and the price tends to move against this trend; recently, it was blue, indicating many Longs.

Open Interest reached historic highs, with values approaching $40 billion, showing that the price in 2024 is much more leveraged than in 2021, when the highs varied around $26.5 billion (including FTX).

When the market exhibits high Open Interest, it signals optimism. However, it's important to highlight that this increases the possibility of mass liquidations and support breaks, which creates a lot of confusion for many technical analysts. The derivatives market has gained incredible proportions, while many newly arrived traders are already positioning themselves in leveraged trades. The big problem is that only a fraction of experienced traders are actually profiting. Analysis of the derivatives market has become essential in cryptocurrencies.

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[#HEDGE] BTC Reserva de Valor?

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