Bitcoin Leverage Builds as Price Stalls Below $80,000

Bitcoin (BTC) traders are stacking the long side of futures by more than three to one, according to Coinglass. The skew points to bullish conviction near $77,500 but raises the threat of forced selling on a sharp pullback. The lopsided positioning led to open interest in BTC perpetuals sliding roughly 6% to 744,300 BTC over 24 hours.