Something unusual is building in $9.81 billion of Bitcoin futures flows and it could break either way

Bitcoin futures data shows traders adding leverage, but most aggressive orders have come from sellers, leaving price under pressure.

A digital illustration shows a towering Bitcoin chained to massive short contract weights in a derivatives exchange pit - Cover art/illustration via CryptoSlate.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin’s short-term direction continues to depend on who crosses the spread with market orders, not just how much leverage is open. Bitcoin's derivatives market entered September with a split message: traders are taking on more positions, but the balance of trading activity is leaning against price strength. Open interest climbed to...