$1 billion in 3 hours, Bitcoin's weekend raid: Who is going all in?
This weekend, Bitcoin's open interest and spot positions surged over $1 billion in just 3 hours!
The short-term market seems strong, but the calmer the moment, the easier it is to set off the fuse of volatility.
Such weekend raids usually indicate two scenarios:
The whales are preparing to strike, taking advantage of the thin liquidity for a breakout;
The market makers induce longs and lay traps, preemptively setting up for a liquidation scenario.
From the data, leveraged funds concentrated on entering the market over the weekend, with leverage rates maxed out, but the position structure is not stable enough—
Once the market shifts over the weekend, no one will be able to escape.
