With over $ 10 billion on open interest in just two months, the Bitcoin landscape has experienced significant restart, and analysts predict that the price of flagship cryptography will soon be recovered.
Sudden change caused discussions about the future trajectory of cryptocurrency prices. While some market experts perceive this as an opportunity for a fresh beginning, others warn that there is still a lot of uncertainty.
Bitcoin opens interest
Reports show that the open interest of Bitcoin reached the peak of $ 33 billion on January 17. However, at the beginning of March over $ 10 billion was erased. This massive liquidation wave was powered by various factors, including universal political noise and wider market conditions.
🔍 $ Btc The market is delegated: a natural reset?
On January 17, the open interest of Bitcoin reached the highest level of over USD 33 billion, which indicates that the lever on the market has never been so high.
After a recent panic caused by political instability associated with … pic.twitter.com/kplq63shx3
– Darkfost (@darkfost_coc) March 16, 2025
This number shows that the open interest of 90-day Bitcoin termination contracts dropped by 14% from February 20 to March 4. As a result of forced withdrawal of many traders, the market had to change their runs. Others are worried that the next one may occur greater variability, while others perceive it as a positive regulation.
Traders watching signs of stability
Traders are now looking for stability because the open interest has dropped significantly. Some people say that the market is currently more suitable for long -term expansion. Others remain careful, seeing that there may be more market swings before Bitcoin establishes a robust foundation.
Caution required
The founder for Crypttooverse, Benjamin Cowen, warns that the current bull cycle can be threatened if prices fall below $ 70,000. It suggests that closing in a low $ 60,000 may be a warning that the bull market is coming to an end, attracting comparisons with the 2017 cycle. On the other hand, maintaining prices above 70,000–73,000 USD would protect the market structure.
https://www.youtube.com/watch?v=puoowx8NC8
At the moment, Bitcoin remains about USD 82,900. Cowen claims that the lower level macro may occur later this year if the price drops below key support levels. This would mean that the market image is more bears for Q3. However, if earlier trends are exact, this consolidation phase can lead to another vast growth over the next few months.
Optimism in the air
Meanwhile, long -term bitcoin forecasts remain full of hope. According to Josh Mandell, a well -known analyst and a millionaire, who has over 79,000 observes on X, if the price of Bitcoins closes over USD 84,000 at the end of the month, can reach $ 100,000.
Bitcoin’s price action remains uncertain
Recent liquidation emphasizes how quickly things can change, and the Bitcoin market has recorded piercing price fluctuations in the past. While some investors perceive this as an opportunity to obtain assets at reduced rates, others prefer to see how the market reacts.
For now, everything is a mixture of uncertainty and optimism-the ancosphere of waiting and seeing. As they say, everything can happen in the crypt.
A distinguished picture from Gemini Imagen, chart from TradingView
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