Bitcoin might be below $27K but BTC futures market is hinting at a rebound ahead.
between the DXY index and risk-on assets such as Bitcoin, given that a weaker dollar tends to drive demand for alternative store-of-values and scarce assets.
OKX, for instance, provides a margin lending indicator based on the stablecoin/BTC ratio. Traders can increase their exposure by borrowing stablecoins to buy Bitcoin. On the other hand, Bitcoin borrowers can only bet on the decline of the cryptocurrency's price.The above chart shows that OKX traders' margin lending ratio decreased between May 8 and May 11.
There are occasional methodological discrepancies between different exchanges, so readers should monitor changes instead of absolute figures.Even though Bitcoin broke below the $28,000 support, professional traders have increased their leveraged long positions using futures, according to the long-to-short indicator.
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