Bitcoin Nears Key Resistance as Futures Leverage Rises — Watch for Overleverage Risk

I'm watching Bitcoin as it trades near the $119,000–$120,000 decision zone after a ~6% weekly gain. Open interest on Binance has climbed to about $13.7B, signaling fresh speculative longs as price approaches prior resistance.

This simultaneous rise in price and OI can fuel a continuation to the $122,000–$124,000 area if OI stabilizes, but it also raises the risk of a liquidation-driven pullback if leverage builds faster than price. I'll use OI behavior at the breakout as my confirmation signal before increasing exposure.