Bitcoin's quiet standoff persists, with prices sticking to a narrow range and leverage lingering despite rising costs. Perpetual futures funding rates hint at the market's deeper narrative, unveiling investors' readiness to endure a continual bleed for potential gains. But with spot BTC stuck in a downturn and derivatives markets unyieldingly speculative, the tension builds. A massive, yet dormant power imbalance is nested between sky-high leverage and dwindling liquidity. What catalyst could tip this scale into chaos or triumph overnight? Discover the underlying forces shaping Bitcoin's precarious balance.
Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways
Funding costs pile up yet leverage stays near $40B open interest, raising risk.
4 min read
Updated: Sep. 16, 2025 at 3:53 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
