Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds. Between July 23 and July 24, more than $1.1 billion in long positions were liquidated across major centralized venues.

Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds. Between July 23 and July 24, more than $1.1 billion in long positions were liquidated across major centralized venues.

Source: https://cryptoslate.com/bitcoin-steadies-near-114800-but-fragility-risk-rises-as-leverage-climbs/