Bitcoin (BTC) Price Slides Below $91K as Open Interest Rises—Is a Deeper Correction Ahead?

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Fresh waves of bearish forces have captivated the crypto markets. The Bitcoin price is also facing significant upward pressure since the start of the day, with the sellers attempting to drag the price into the key support range below $90,000. While the market conditions are bearish, the bigger concern for the traders is not just the dip but what’s going on beneath. The derivatives are not cooled yet, while the BTC price maintains a steep bearish trend. This combination usually signals that leverage hasn’t flushed, keeping the downside risk…



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Bitcoin (BTC) Price Slides Below $91K as Open Interest Rises—Is a Deeper Correction Ahead?


Fresh waves of bearish forces have captivated the crypto markets. The Bitcoin price is also facing significant upward pressure since the start of the day, with the sellers attempting to drag the price into the key support range below $90,000. While the market conditions are bearish, the bigger concern for the traders is not just the dip but what’s going on beneath. The derivatives are not cooled yet, while the BTC price maintains a steep bearish trend. This combination usually signals that leverage hasn’t flushed, keeping the downside risk…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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