Bitcoin has extended its pullback and is consolidating below $116,000 amid macro headwinds. Price action has unfolded like a classic liquidity sweep on the thin weekend order books. Importantly, open interest rose when the price was swept into the $115,000 region, creating a zone of trapped shorts along with new long positioning. This dynamic is likely to serve as short-term support, cushioning any further downside unless spot demand significantly dries up.