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Bitcoin Traders Are Divided, But Binance Metrics Offer Clues

  • Binance funding rates have turned negative, indicating a rise in short pressure and shifting trader sentiment.
  • Whale activity and long positions surged, suggesting accumulation despite overall market caution.
  • Bitcoin's open interest hit an all-time high of $12 billion, but dropped to $7.5 billion after a correction, signaling a mass purge of overcrowded long positions.
  • Data shows an increase in addresses holding more than 1,000 BTC, along with a rise in whale trading volume and institutional accumulation despite market uncertainty.

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