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Bitcoin leverage cools as miner selling stays low, boosting hopes for a stable recovery.

Market News
06 Sep 2026
AMBCrypto
View Source
Neutral
Bitcoin leverage cools as miner selling stays low, boosting hopes for a stable recovery.

Bitcoin's recent price rebound near $82,000 saw a surge in leveraged trading on Binance, with open interest briefly surpassing $10 billion. However, this leverage has since cooled, reducing liquidation risks and potentially stabilizing the rally. Miner selling pressure remains low, indicating limited immediate supply, which supports the recovery. Additionally, Bitcoin's correlation with gold has risen significantly, suggesting investors are viewing it more as a defensive asset, though sustained spot market demand is crucial to maintain this trend and avoid sharp reversals.

More News

Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...

Market News
Neutral
1 hour ago
Parataxis Ethereum cancels merger with Parataxis Korea amid delisting dispute and shareholder risks

Parataxis Ethereum cancels merger with Parataxis Korea amid delisting dispute and shareholder risks

Parataxis Ethereum has officially canceled its planned merger with Parataxis Korea due to complications from a delisting dispute and potential large shareholder cash claims that threatened its liquidity. Both companies' boards approved the terminatio...

Market News
Bearish
4 hours ago
Sandisk secures $93.9B contract book with strong cash flow and surging datacenter revenue through FY2026

Sandisk secures $93.9B contract book with strong cash flow and surging datacenter revenue through FY2026

Sandisk holds a $93.9 billion contract backlog supported by $16.5 billion in financial guarantees and has already received $2.5 billion, reflecting strong customer commitment. The company projects an adjusted free cash flow of $8.74 billion for fisca...

Analyst Insights
Bullish
4 hours ago
Chainlink holds steady near $13.84 after update and eyes $15 resistance for next move

Chainlink holds steady near $13.84 after update and eyes $15 resistance for next move

Chainlink (LINK) is trading around $13.84 after pulling back from a brief surge above $15. The token maintains an ascending support line from August near $13, signaling ongoing bullish momentum. The network launched CCIP 2.0, enhancing security and s...

Technical Signals
Bullish
4 hours ago
Bitcoin trades 32% below its $126K peak one year later, recovering 45% from summer lows.

Bitcoin trades 32% below its $126K peak one year later, recovering 45% from summer lows.

One year after reaching its all-time high near $126,000 in October 2025, Bitcoin now trades around $85,300, about 32% below that peak. The price fell sharply due to macroeconomic concerns and a tariff-related liquidation, bottoming near $58,000 in mi...

Market News
Neutral
4 hours ago
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