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Bitcoin Derivatives Reset: Neutral Funding And Whale Withdrawals Hint At Bullish Shift

  • 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.

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