83.6% of Bitcoin holdings profitable as $15 billion leverage increases – impending volatility?

Currently, the supply of Bitcoin in profit is 83.6%, suggesting robust market confidence. Additionally, the buildup of leverage around $15 billion indicates potential volatility, with short positions at around $2.7 billion and long positions at about $1.1 billion.

Observing profit levels surpassing 95% could signal upcoming corrections in the market. The prevailing positive sentiment combines with profit-taking dynamics, indicating Bitcoin’s price is gearing up for a significant move in the near future.