Bitcoin Positioning Hits 4-Month High as Traders Ramp Up Leverage

Bitcoin Positioning Index climbed to 40.1, while its 30-day simple moving average (SMA-30d) rose to 4.5, which represents a four-month high. At the same time, the 30-day change in open interest (OI) increased by 14.5%, one of the strongest readings recorded over the past 120 days. Both indicators suggest rising risk-taking behavior, as market participants continue adding fresh leveraged positions, crypto analyst Axel…