🚀 Binance Futures position holding breaks record, is a huge market fluctuation coming? 🌊#BabyMarvinf9c7正在蓄力起飞

Latest news, Binance's contract holding has reached an astonishing $9.5 billion, setting a historical high! This is not just a simple holding data; it could also mean that market fluctuations may increase.

Currently, Binance's contract holding is $9.541 billion, accounting for about 21% of the total open contracts of $46.11 billion across all exchanges.

Meanwhile, Bitcoin's price has been soaring these past few days, breaking through $75,000 on Wednesday and even surpassing $76,000 on Thursday morning, now stabilizing around $75,000. It seems that Trump's victory has greatly boosted market sentiment towards cryptocurrencies.

But don't forget, the surge in open contracts is often a signal for market liquidation, and large positions also mean significant volatility. In simple terms, both bulls and bears may face pressure, which could lead to a wave of liquidations.

Moreover, Trump's return has made the cryptocurrency market even more excited, with the 'Coinbase Premium Index' soaring, indicating that demand for Bitcoin in the U.S. may be rising. Additionally, on November 6, 11 new whale wallets withdrew 1,807 Bitcoins valued at $132 million from Binance, which is not a small move!

However, analysts also remind us that Bitcoin's upward momentum may face a temporary reversal. The TD Sequential indicator shows that a sell signal has been issued on the 4-hour chart for Bitcoin, suggesting a possible pullback to $72,000. But if it can maintain above $75,400, the bearish setup will fail, and Bitcoin may continue to rise to $78,000.