BlockBeats News, October 7th, Glassnode posted data on social media stating that as Bitcoin broke through its previous high, traders added to their long positions, leading to a significant increase in BTC futures open interest. The current pullback is testing the resilience of these long positions, aiding in a market leverage reset. Moving forward, close attention is needed on two signals: when and where buyer strength enters, and whether key support levels can reignite market demand.
