The crypto market is showing the highest leverage since October, with traders continuing to take leveraged positions despite bearish signals. The TD Sequential has issued a sell signal on Bitcoin’s 4-hour chart after an 8.5% rebound, with over $100 million in sell orders around the current price. However, Bitcoin has outperformed the Nasdaq by 42% over the past three months and the BTC/Gold ratio has climbed to 18.55, with analysts noting a potential capital rotation from US equities into crypto. A flush of leveraged positions in the short term could reset the market and pave the way for Bitcoin to reclaim $85k in Q4.
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