The current price of large pancakes has not yet refreshed its historical high

But the position volume in CEX has already reached a new high

The back-and-forth market movements in the past few days haven't significantly reduced the position volume

Both bulls and bears seem to be heavily betting on the future market, accumulating strength for a big move...

In CEX exchanges, position volume mainly looks at BN and CME, while DEX belongs to HYPE

Hype has once again seen giant whales betting huge long positions, not sure if they will be targeted?

Or will the upward trend start with a direct surge to force a short squeeze?

Observing the funding rates, there is no bullish sentiment anyway, and the bears also lack strength

It feels like this position has reached a balance between bulls and bears

But it also feels like the calm before the storm...

Is this the tranquility before the storm?

#BTC