Трейдеры все равно увеличивают леверидж, несмотря на рыночный страх Translation: Traders Still Increase Leverage Despite Market Fear

In December, the volume of leveraged positions surged by $2.4 billion, even though trading activity experienced a decline of 40%. Analyst known as Crazzyblockk noted this trend.

The total open interest (OI) for Bitcoin and Ethereum futures increased by 7%, rising from $35 billion to $38 billion. During this period, the Fear and Greed Index was at 27, with the market anticipating capitulation.

Market performance metrics:

Over the past week, the market welcomed $450 million in new leverage. Traders opened positions based on expectations of recovery, overlooking the market’s weakness. Increased activity was noted on Binance, Bybit, and OKX, with Gate being the standout exchange in terms of momentum.

Crazzyblockk described the situation as «stubborn optimism.» Funding rates remained positive, indicating traders were paying to hold long positions.

Conversely, professional investors took a different approach — large holders withdrew 20,000 BTC. According to the analyst, the current landscape contradicts bottom signals. A true bottom is formed during a «cleansing» of the market from leverage rather than during its accumulation.

It’s worth recalling that on December 29, the price of the leading cryptocurrency surpassed the $90,000 mark. Following the market leader, the price of Ethereum rose above $3,000.