BTC Derivatives Data Anomaly: $93 Million Long Position Build-up, Institutional Buy Signals Frequently Appearing

【Crypto World】Recently, Bitcoin’s on-chain and derivatives data have been quite interesting. In mid-December, the exchange’s leveraged long positions suddenly accumulated to a scale of $93 million, and the open interest of options contracts was also approaching a historical peak. At the same time, BTC’s price repeatedly hovered around $91,000, and the exchange withdrawal volume increased accordingly — which usually indicates that large investors are quietly accumulating.

Based on these signals, institutional investors don’t seem to be planning to exit at this level. The large leveraged positions combined with on-chain accumulation suggest that there is still a wave of active buying driving the market. Many are debating whether this is a rebound or the beginning of a new cycle, but from a data perspective, at least for now, institutional stance appears to be relatively bullish.