CryptoQuant analyst warns of volatility as BTC enters price discovery phase

Bitcoin's (BTC) entry into price discovery with a surge past its all-time high is driving increased leverage, raising short-term correction risks, according to CryptoQuant analyst Caueconomy. Futures open interest grew by $16 billion last week, and funding rates hit their highest level since March. Despite potential corrections, Caueconomy emphasizes that strong fundamentals make pullbacks likely healthy, offering buying opportunities barring risk signals from cycle indicators.