Bitcoin's early trading rally triggers a surge in long positions, hiding a $2 billion leverage risk

According to market monitoring by CryptoQuant analyst @Darkfost_Coc, Bitcoin showed an upward trend in this morning's trading, accompanied by a significant change across the entire contract market—long positions increased by $2 billion in a short period.

What risks are hidden behind this buying momentum? Analysts point out that when prices rise rapidly in the short term, the large amount of leveraged positions involved tend to be highly unstable. These temporary leveraged positions are not the market participants' long-term consensus; instead, they may be quickly liquidated during price adjustments, leading to chain reactions.

From a market structure perspective, this phenomenon hinders the formation of a solid bottom. A healthy upward trend should be built on gradual accumulation rather than short-term spikes driven by leverage. Without such a solid foundation, a subsequent bull reversal may be difficult to sustain, and could instead evolve into wave-like oscillations, increasing risk exposure for retail investors.

Currently, Bitcoin is trading around $90.49K. Investors should remain cautious of the market fragility behind the surge in short-term contract holdings.