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I saw that Bitcoin has broken the $75,000 milestone, and it seems that this rally is largely driven by the derivatives market. Looking at recent leveraged trading activity, it's clear that institutional investors are becoming more active.
According to real-time data, the current price range is around $72,000, but the $75,000 level is definitely an important resistance. When examining the derivatives open interest, there are quite a few short positions accumulated, so breaking above this level will likely require significant buying pressure.
The market is currently bullish, but since excessive leverage in derivatives has built up, caution is needed for a sudden correction.