Трейдеры продолжают нарастить леверидж, несмотря на предвестия капitulации рынка Translation: Traders Continue to Increase Leverage Despite Signs of Market Capitulation

In December, the volume of leveraged positions increased by $2.4 billion, despite a 40% drop in trading activity. This trend was highlighted by the analyst known as Crazzyblockk.

The total open interest (OI) for Bitcoin and Ethereum futures grew by 7%, rising from $35 billion to $38 billion. During this time, the Fear and Greed Index was at 27, with the market bracing for capitulation.

Market indicators showed the following trends:

In just the past week, the market infused $450 million in new leverage. Traders were opening positions, anticipating a recovery while disregarding market weakness. Increased activity was noted on Binance, Bybit, and OKX, with Gate Exchange becoming the frontrunner in performance.

Crazzyblockk described the situation as «stubborn optimism.» Funding rates remained positive, indicating that traders were paying to maintain long positions.

However, institutional investors took a different approach, as large holders withdrew 20,000 BTC. According to the analyst, the current scenario contradicts indications of a market bottom. A true minimum is established through the «cleansing» of the market from leverage rather than its accumulation.

As a reminder, on December 29, the price of the leading cryptocurrency surpassed the $90,000 mark. Following the leader, Ethereum’s price climbed above $3,000.