Bitcoin holds above $98.3K support, but declining Open Interest signals leveraged trader caution.
Oversold conditions hint at a possible relief bounce, but breakdown below $98K could trigger downside.
Bitcoin’s [BTC] recent price action is now just the slightest bit complicated: while it remains above the critical short-term holder realized price of $98,300, deeper market signals suggest caution.
A sustained decline in the 180-day open interest delta – now in negative territory – indicates growing unease among leveraged traders.
As short-term selling pressure pushes BTC into oversold conditions, will this mark a local bottom, or is further downside on the horizon?
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