With over $ 10 billion in open interest, in just two months, the Bitcoin landscape has experienced a significant restart, and analysts predict that the price of flagship crawling will soon recover.
The sudden change has led to discussions about Cryptocurrency’s future price track. While some market experts see this as an opportunity for a new start, others warns that there is still a great degree of uncertainty.
Bitcoin opens interest
Reports show that Bitcoin’s open interest rate hit a top of $ 33 billion on January 17. But at the beginning of March, more than $ 10 billion had been wiped out. This massive liquid wave was driven by various factors, including widespread political noise and broader market conditions.
🔍 $ BTC The market is beaten: a natural recovery?
On January 17, Bitcoin’s open interest rate reached a maximum of over $ 33B, indicating that the leverage on the market had never been so high.
After the latest panic triggered by political instability linked to … pic.twitter.com/kplq63shx3
– DARKFOST (@darkfost_coc) March 16, 2025
The figure shows that the open interest in Bitcoin’s 90-day futures decreased by 14% from February 20 to March 4. As a result of forced withdrawal of many traders, the market had to change gear. Others worry that more volatility may come next, while others see this as a positive adjustment.
Traders who look at signs of stability
Traders are now looking for stability since open interest has dropped considerably. Some claim that right now the market is more suitable for long -term expansion. Others remain cautious and see that more market fluctuations can come before Bitcoin creates a strong foundation.
Caution is required
The founder of Into Cryptovese, Benjamin Cowen, warns that the current bull cycle may be in danger if prices fall below the lower $ 70,000. He suggests that a closing in the low $ 60,000s may be a warning that the bull market will end and draw comparisons with the 2017 cycle. On the other hand, it would protect prices over $ 70,000-73,000.
Right now, Bitcoin stops around $ 82,900. The cow says that a macro lower high can happen later this year if the price falls below key support levels. This would mean that the image for the market is more baisse -like of the third quarter. But if previous trends are correct, this phase of consolidation can lead to another large increase in the coming months.
Optimism in the air
At the same time, Bitcoin remains long -term forecast hopeful. According to Josh Mandell, a well -known analyst and millionaire who has over 79,000 followers at X, if the price of Bitcoin closes over $ 84,000 at the end of the month, it can reach $ 100,000.
Bitcoin’s price action remains unsure
New liquidations highlight how fast things can change, and the Bitcoin market has seen sharp price fluctuations in the past. While some investors see this as a chance to gain assets at reduced prices, others would rather see how the market responds.
At the moment, everything is a mixture of uncertainty and optimism-a wait-and-see atmosphere. As they say, anything can happen in cryptover.
Image from Gemini Imagen, Chart from TradingView
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