Bitcoin's increasing leveraged position suggests that there is a sustained interest among traders and investors in capitalizing on price declines by engaging in dip buying strategies. This behavior indicates that many market participants believe the cryptocurrency may present a favorable opportunity for profit despite the recent downturn. However, it is important to note that this rise in leveraged positions does not necessarily indicate that the market has reached its lowest point. In fact, further fluctuations in price could still occur, and additional dips may be ahead before a definitive bottom is established in the market.
source: https://www.coindesk.com/markets/2026/02/05/bitcoin-s-rising-leveraged-position-points-to-continued-dip-buying-but-may-not-yet-signal-price-bottom