Bitcoin faces a period of uncertainty as key indicators point to potential market volatility. High leverage in futures markets combined with flat SOPR levels contribute to this unease, creating the potential for significant price swings. Institutional investors like Metaplanet are displaying confidence in Bitcoin’s direction by accumulating 775 BTC in August. While they signal a positive outlook, analysts warn of increased risk due to high leverage and market instability. 775 BTC accumulation by Metaplanet highlights their strategic confidence. The current leverage in BTC futures markets has reached five-year highs, leading to an increase in volatility. Open interest of $40 billion reflects the potential for cascading liquidations should a correction occur.