Bitfinex Blog/
Leverage Reheats as BTC Price Structure Weakens
Bitfinex reports a cautious outlook for BTC due to deteriorating market structure, characterized by rapidly reheating retail leverage despite a price correction and a negative Coinbase Premium Gap indicating weak US spot demand.
medium impactbearishBTC
Why It Matters
The divergence between aggressive retail long leverage and a lack of institutional spot demand, combined with expensive put options, suggests a fragile price structure prone to further corrections.