Analysis: Bitcoin in leverage-driven pump

February 20, 2025, 9:58 PM

The recent rise in the Bitcoin unit price is the result of a “leverage driven pump.” That’s the view of J.A. Maartunn, an analyst at CryptoQuant. Maartunn outlined on X that over the course of the past 24 hours, BTC open interest (OI) increased by 7.2% (USD 2.4 billion).

Leave the first comment

You need to log in to leave a comment.