Bitcoin at a crossroads: Will BTC hit $90K, or is a deeper dip ahead? – BitRss

• Bitcoin futures traders are de-risking, unwinding positions at breakeven.
• Is another pullback imminent before the next leg up?

Bitcoin [BTC ($93,760.32)] derivatives Open Interest (OI) has dropped to a five-month low as traders de-risk amid volatility. In less than two weeks, approximately $14 billion in positions have been closed.

At press time, Bitcoin has rebounded 10% from its $78,000 low, indicating supply-side liquidity absorption. A move to $86,729 would shift 591.93K addresses holding 379.52K BTC into profit.