#BitcoinBounceBack $BTC

Bitcoin has shown remarkable resilience in the face of adversity, bouncing back swiftly from its recent low. After Binance CEO Changpeng Zhao's resignation, linked to a money laundering investigation, Bitcoin's price dipped to $35,500. However, it quickly recovered, marking a climb in open interest and signaling renewed bullish sentiment ¹.

This bounce back underscores Bitcoin's role as a benchmark for the broader crypto market. Interestingly, the Chicago Mercantile Exchange (CME) has taken the lead in open interest, surpassing Binance. Institutional investors at CME have emerged as leading buyers of Bitcoin, creating a price differential of approximately $600 compared to other exchanges ¹.

As of March 14, 2025, Bitcoin's closing price on Binance was $83,983.2 ². Keep in mind that cryptocurrency markets can be highly volatile, and prices may fluctuate rapidly.