Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Bitcoin Surges to $83,000 Amid $10B Open Interest Spike, Signals Leverage-Driven Rally

GateNews
Derivatives DataCapital FlowMarket Analysisbitcoin news
BTC-0.77%

According to Wintermute’s weekly market summary, Bitcoin broke through $80,000 to reach $83,000 this week, marking its first close above the 200-day moving average in seven months. However, the rally is primarily leverage-driven: open interest surged $10 billion in a single month while spot trading volume hit a two-year low, signaling a typical short squeeze rather than healthy demand. The Relative Strength Index has entered overbought territory, indicating elevated short-term risk. ETF inflows of $623 million provided institutional support, but the market faces potential pullback pressure if the squeeze unwinds without fresh spot demand.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-12 03:13
Bitcoin Rallies to $82,000 from $77,000 Last Week as Buying Pressure Sustains, Market Momentum Eases
05-12 01:40
Bitcoin Falls Below $81,000 to $80,965.50, Down 0.72% in 24 Hours
05-11 17:48
Bitcoin Breaks $82,000, Trading at $82,010.7 with 0.81% 24-Hour Gain
05-11 13:59
Bitcoin Holds Above $81K as Iran Rejects U.S. Peace Framework, Brent Crude Surges Past $104
05-11 03:13
Bitcoin Falls Below $81,000 on May 11, Currently Trading at $81,024.99
In-Depth Analysis

Bitcoin and Ethereum Are Decoupling From US Equities, Stocks Overvalued, Crypto Undervalued

Crypto News Land05-12 10:21

Silver-Tongued Analyst Calls For Final Last Days Above $80,000 BTC Price Before the Bear Market Begins

Crypto News Land05-11 12:21

VanEck Predicts Bitcoin Could Hit New Record High Within 12 Months

CryptoMeter io05-11 11:15
Comment
0/400
No comments