# Bitcoin(BTC) Drops Below 77,000 USDT with a 7.75% Decrease | Wang Farhan on Binance Square

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# Bitcoin(BTC) Drops Below 77,000 USDT with a 7.75% Decrease in 24 HoursOn Apr 07, 2025, 04:37 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,974.53125 USDT, with a narrowed 7.75% decrease in 24 hours.$BTC $

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2

0

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# Market Sees Significant Increase in 24-Hour Open Interest According to PA News, Crypto Quant analyst Dark fost has highlighted a recent surge in 24-hour open interest, marking the largest increase in recent times. Historically, rises driven by derivatives have often lacked sustainability. During the strong bull market phases of November and December 2024, open interest grew by 16% and 15%, respectively, supported by vigorous activity in the derivatives market alongside positive momentum in the spot market. However, the current price increase is only 4.2%, compared to past events that saw price rises of 10% and 7%. This discrepancy indicates that selling pressure remains strong in the market.$🙂‍↕️

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#Ethereum Trader Shifts Strategy Amid Upcoming Upgrade According to Odaily, a secondary trader known as 带带带比特 has announced a shift in his trading strategy, marking the first time in months he is taking a long position on Ethereum (ETH). The trader has temporarily set aside his previously bearish outlook on ETH. He highlighted that Ethereum is set to undergo an upgrade and changes related to staking next month, prompting him to explore opportunities in the related market trends. However, he cautioned about the potential risk of market reversals.$ETH

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