04 Mar 2024

A leveraged market nearing ATH

Leveraged longs are aggressively entering the market as bitcoin nears a new all-time high. In this week's report, we dissect the impact of the frothy derivatives market, look at previous all-time high price patterns, and give you our monthly outlook.
AOC Cover Mar 5 SVG
The market is frothy
Sentiment in offshore derivatives has become very frothy over the past week. Funding rates have pushed to 3-year highs alongside increased open interest, indicative of leveraged longs aggressively entering the market as bitcoin lingers narrowly behind its 2021 all-time highs.
Excess leverage will induce volatility
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