Bitcoin futures data aligns with BTC traders’ hope for new all-time highs

Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally.

Key takeaways:

Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations.

Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable.

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