
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.
Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.

SOPR data confirms spending has consistently occurred in profit, with short-term holders straddling the breakeven line.

Despite explosive short-term rallies, most miners carry drawdowns far deeper than BTC.

55% liquidity concentration gives Coinbase an edge in USD price discovery.

Bitcoin’s implied volatility just touched its all-time low while it trades near $115,000, creating a rare moment of calm at the top.

Despite near-perfect return correlations, XRP trading volume remains sharply divided between Binance’s USDT and Coinbase’s USD pairs.

The drop in open interest was driven largely by retail traders on Binance and Bybit, while CME’s institutional positioning remained intact.