#cryptotradingpro

$BTC Futures Signal Bullish Shift: Is $112K Next?

Bitcoin futures are flashing bullish signals as open interest (OI) surges +7% in 30 days, marking the first sustained uptick since the May-June 12% drawdown. This suggests growing trader confidence and a shift toward long positions.

Key points:

📈 Market Momentum: The Bitcoin Futures Market Power v2.0 indicator hits 22,000, showing rising long-side pressure without overheating. A similar score marked the price bottom in April.

💰 Net Long Exposure: Futures positioning flips positive with $27.4M in net long exposure, holding steady as BTC consolidates near $108K.

📊 Price Action: BTC holds intraday support at the 200-day EMA but could dip to $107,300 to sweep equal lows. A break above $109,500 could spark a rally past $112K.

Caution: A drop below $107K might test $106,300, but strong buy absorption could signal a quick recovery.

Are traders setting the stage for a breakout, or is a deeper pullback looming?