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Bitcoin Rally in Trouble? Analyst Warns of Trapped Longs at $110,000

  • Market analyst Daan Crypto Trades highlighted caution signals in Bitcoin's recent price action.
  • BTC's green zone showed a healthy price increase of +42% with balanced participation from market participants.
  • In contrast, the red zone experienced weaker price follow-through despite a larger open interest build-up, indicating trapped long positions at $108,000–$110,000.
  • Daan warned of excessive leverage in the market and suggested a potential 'quick flush' of open interest for a healthy reset before a sustainable uptrend.

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