$BTC is still at the same level, but leveraged positions have returned. Before 9:00, it was around 85,500, down 0.35% over 24 hours and slightly below the 1-hour EMA20/50 at around 85,683/85,673, while staying close to the 4-hour EMA20 at around 85,492. Meanwhile, open interest rose 1.47%, with the funding rate at around -0.0017%.

With positions recovering before price breaks out, alongside a negative funding rate, this looks more like both bulls and bears are adding exposure again than a confirmed trend. $ETH also saw open interest rise by around 1.50%, but its price remains below the moving averages at 2,701–2,704. $BNB , meanwhile, fell to around 779 as open interest dropped 3.26%, still showing a deleveraging pattern.

The key asset to watch today is BTC: reclaiming 85,700 would signal a short-term recovery, while holding above 86,100 would put 86,400 in sight. If the 1-hour candle closes below 85,250, watch 84,900. The more open interest builds while price weakens, the greater the risk of amplified liquidation-driven volatility ahead. #BTC #大盘判断 #RiskWatch