Bitcoin leverage has hit a five-year high, exceeding the +0.4 threshold for the first time in over five years. This surge coincides with substantial inflows into Bitcoin ETFs, suggesting growing institutional interest. The rise in leverage indicates a rapid increase in leveraged positions as the asset trades near its historical peak. While this could amplify volatility during market shifts, it’s also fueled by strong demand from institutions seeking exposure to both Bitcoin and Ethereum through exchange-traded funds (ETFs). 80,000 BTC transfers on Binance have recently increased, further highlighting the activity in the crypto market. Bitcoin is currently trading near $119K, with prices consolidating following recent inflows.