Pro Bitcoin traders cut leveraged longs as BTC rebounds 14% and retests $72,000
Bitcoin traded in a narrow range around $69,000 after sliding to $60,130 on Friday, even as its price briefly moved above $72,000 in a 14% rebound. Data shows top traders on Binance and OKX sharply reduced their long-to-short ratios and options desks favored put strategies, while U.S. spot Bitcoin ETFs recorded $516 million in net inflows over the same period. Derivatives positioning points to rising caution and uncertainty, despite strong spot ETF demand suggesting large holders have not fully turned bearish.
