Bitcoin Struggles at $88,000 Amid Record "Margin Debt" 📉
The Situation: Bitcoin is currently trading around $88,644 (+0.35%), caught between a $87,700 floor and a $89,400 resistance.
The Risk Factor: U.S. margin debt has surged to a record $1.21 trillion, highlighting extreme leverage in the investment market. Analysts warn that if BTC fails to break above $90,000 soon, this high leverage could trigger a "flush out" toward the $85,000 support zone.
The Counter-Argument: Despite the local "Fear" sentiment, analysts note that Bitcoin’s value against Gold is hitting a key support level, which historically precedes a rebound.$BTC
