Bitcoin derivatives market is experiencing a reset with large-scale long position liquidations on Binance, indicating bearish pressure or a leverage reset.
Despite the long liquidations, Binance's funding rates remain neutral, suggesting cautious reassessment by traders rather than panic.
Whale activity signals accumulation with substantial Bitcoin withdrawals from exchanges, relieving immediate selling pressure.
Technical and on-chain indicators suggest Bitcoin may be gearing up for another upward move towards a new all-time high despite some warning signs.