#cryptotradingpro

🚨 Bitcoin’s Comeback or Bull Trap? 🚀

$BTC recent rebound from $112K to above $116K has sparked optimism, but is it a true recovery or a setup for a correction? 📉 Analysts on CryptoQuant are sounding the alarm.

🔎 Key Insights:

• Binance Sentiment Shift: CryptoQuant’s BorisVest notes a surge in long positions as BTC climbed from $112K to $115K. Historically, such optimism often precedes price corrections. 📊

• Watch the $110K Level: A drop below $110K could signal a meaningful correction, offering better re-entry points for buyers.

• Leverage Decline: Analyst Arab Chain highlights a falling leverage ratio on Binance, suggesting less speculative trading but also weaker spot demand. This could undermine the recovery’s strength. ⚖️

💭 What’s Next? The market’s showing signs of excessive optimism, and low spot buying may cap Bitcoin’s upside. Keep an eye on key levels and sentiment shifts for clues on BTC’s next move.