According to Binance spot data, Bitcoin was rejected at $84,800 and pulled back, retesting $81,650 during late-night U.S. trading, down about 3.4% over 24 hours.
Binance futures data shows that open interest (OI) rose 4.7% instead of falling, reaching $8.24 billion.
This combination of falling prices and rising open interest suggests intense battles between bulls and bears above $81,000, with the risk of short-term shakeouts increasing.
For those of you watching the markets late tonight: will you place buy orders near $81,000 to play a rebound, or go to sleep flat and wait for confirmation of the direction in the morning?
Personal opinion and information summary, not investment advice. DYOR.
$BTC
Binance futures data shows that open interest (OI) rose 4.7% instead of falling, reaching $8.24 billion.
This combination of falling prices and rising open interest suggests intense battles between bulls and bears above $81,000, with the risk of short-term shakeouts increasing.
For those of you watching the markets late tonight: will you place buy orders near $81,000 to play a rebound, or go to sleep flat and wait for confirmation of the direction in the morning?
Personal opinion and information summary, not investment advice. DYOR.
$BTC