High leverage in the Bitcoin market could signal major price moves. Traders, ready for a whipsaw? 📊 Bitcoin’s open inte…

High leverage in the Bitcoin market could signal major price moves. Traders, ready for a whipsaw? 📊

Bitcoin’s open interest increased by $2.02 billion over three days, totaling $36.92 billion on June 6. The spike has led traders to speculate about a potential “whipsaw” effect — a sudden reversal in price direction — due to the high volume of leveraged positions.

👉Check the details in this week’s Hodler’s Digest.