suggested lower leverage. CryptoQuant data indicates Bitcoin’s open interest fell to levels last seen in 2022. The move signaled reduced leveraged exposure across futures markets.
Lower leverage can reduce liquidation-driven price swings, even when headlines turn negative. Consequently, Bitcoin can trade in a narrower band while spot buyers and sellers set the pace. Analysts have pointed to $92,000 as a level to regain, while they track downside risk toward $88,000 and nearby support.
Several market analysts also flagged to hold above the $85,000 area during the flow pullback. Some analysts said a measured move toward $100,000 could follow if macro signals stabilize and demand returns.
Institutional product development continued despite the outflows. filed with the US SEC to launch two spot crypto ETFs, one tied to Bitcoin and another tied to Solana. Bank of America also began allowing advisers in its wealth units to recommend exposure to several Bitcoin ETFs.
Investors are expected to track CPI, Fed commentary, and daily ETF flow totals. They will also watch open interest for stabilization. They will track whether Bitcoin reclaims $92,000 as risk sentiment resets over the next trading sessions this month.