Key takeaways:Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow. US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000. Bitcoin (BTC) was unable to sustain its bullish momentum after reaching a new all-time high of $109,827 on May 21, which led traders to question whether derivatives markets mainly drove the rally. From a broad perspective, the $77 billion in Bitcoin futures open interest has undoubtedly played a role
source: https://cointelegraph.com/news/bitcoin-hits-new-highs-in-the-absence-of-unhealthy-leverage-use-will-the-rally-continue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound