A Stunning Turnaround! Bitcoin's Open Interest Plummets, Is the Market Facing a Super Storm?

The Bitcoin market is experiencing intense fluctuations! Open Interest (OI) has dropped to a 7-month low, and leverage has significantly decreased, marking a new phase for the market. Is this a signal for a price surge, or a precursor to a major shock?

🔥 Open Interest Hits Low, Is Spot Capital Dominating the Market?

Latest data shows that the total amount of BTC futures open interest has fallen to 559,480 BTC, worth $50.02 billion, but in the past 24 hours, OI has rebounded by 6.65%, indicating renewed market interest. Notably, the reduction in leverage means that Bitcoin's rise is more likely to be driven by spot purchases rather than high-risk speculation, potentially leading to a more robust uptrend in the future.

🚀 Bitcoin Price Strongly Rebounds, Is It Targeting the $90,000 Mark?

BTC is currently trading at $87,737, soaring 6% in a single day! The market's focus is on the key resistance level of $90,000; if breached, Bitcoin may enter a new uptrend.

🏛️ Trump’s National Bitcoin Reserve Plan Ignites the Market?

Recently, rumors about the U.S. government potentially establishing a national Bitcoin reserve have sparked heated discussions. President Trump has repeatedly expressed support for digital assets and mentioned Bitcoin, Ethereum, and other crypto assets in executive orders, further increasing institutional investor interest.

The upcoming White House cryptocurrency summit on March 7 may become a key catalyst for the Bitcoin market! Industry giants, including Strategy founder Michael Saylor, are invited to attend, and the market anticipates significant policy breakthroughs that could propel BTC to new heights.

📈 Where is Bitcoin Heading Next?

With reduced leverage, dominant spot buying, institutional funds entering the market, and speculation around the national reserve plan, market sentiment remains high. In the coming days, Bitcoin’s volatility may reach new highs; will $90,000 be the endpoint, or the next starting point?