After facing challenges last week, Bitcoin (BTC) has regained strength, igniting optimism among derivatives traders. Bullish positioning has increased sharply, pushing key indicators to notable highs. However, predominantly negative exchange-traded fund (ETF) flows and weakening institutional demand are fueling concerns over elevated long-liquidation risk. Bitcoin Derivatives Turn Bullish Despite Soft Spot Demand Bitcoin opened 2026 with strong upside momentum, gaining more than 7% in the first five days of January
source: https://beincrypto.com/bitcoin-long-liquidation-risk-january-2026/