Bitcoin has remained above the critical level of USD 100,000 from the beginning of June, which suggests that the market can set a modern price balance. Despite the maintenance of this psychological threshold, the stubborn shoots stuck in a rally when BTC tries to break over the highest level of nearly $ 112,000. This consolidation phase is marked by indecision, and traders weigh macroeconomic uncertainty, global conflict and a disappearing noise after a stretcher.

Data from Cryptoquant provide a deeper context in market dynamics, especially in the sector of derivative instruments. According to the company, previous deep withdrawals in open interest (OI) – from 20% to 25% – usually accompanied by local price corrections from 7% to 21% in 2024 and 2025. These edged declines in OI often signal wide market variability or liquidation events that cause decrease.

Currently, the change of OI is -3.5%, which only indicates a moderate outflow of leveled positions. Although this does not raise immediate red flags, he emphasizes cautious moods among Futures traders. The muffled decrease in OI suggests that investors cut the exhibition, but they do not leave the market-that current price activities may persist until a more decisive catalyst appears.

Momentum bitcoins disappears because the open interest indicates a potential risk

Bitcoin currently trads by 6% below the highest level of USD 112,000 in history, which shows impressive resistance among global uncertainty, but the lack of momentum needed to introduce full discovery of prices. The market was relatively stable above USD 100,000, but the inability to augment fluctuations reflects the hesitation of both institutional and retail investors. Macro authorities – including the growing profitability of the US Treasury, the decision of the Federal Reserve to maintain interest rates and escalation rates in the Middle East – still affect the moods and continuation of stubbornness.

According to the best analyst of Axel AdlerFutures market data begins to signal cautious position changes. In the 2024-2025 cycle, deep payments in open interest (OI) between -20% and -25% consistently coincided with local bitcoins corrections in the range of 7% to 21%. While the current OI is only -3.5%, suggesting only a moderate reduction of position, any repetition of a historical pattern can mean a potential correction of BTC prices of 5–15%.

Because BTC got stuck between a high resistance of USD 112,000 and a key support near 103 thousand. USD, traders carefully observe the activities of derivative instruments. For now, the market remains balanced – but not resistant to edged movement if it increases.

The price of BTC is strictly between key levels when the market is waiting for a breakthrough

Bitcoin currently trads around USD 105,910, after a modest reflection in a strict consolidation range. This 3-day chart shows BTC caught between the resistance zone of USD 109,300 and the support level of USD 103,600, which has already been tested many times since the beginning of June. Despite the slight augment in the volume, the price effect remain largely undecided, reflecting the caution of the market.

The chart also emphasizes the importance of a 50-day (blue), 100-day (green) and 200-day (red) straightforward movable. All three trend indicators fall up, and the price consistently persists over them – a stubborn structural signal. In particular, the 50-day SMA currently works as energetic support near the range of $ 100,000 -102 thousand. $.

As long as BTC remains in this area, traders will look for a breakthrough above USD 109,300 to signal the renovated stubborn shoots and potential push in the discovery of prices. On the other hand, a failure below $ 103,600 can open the door to a re -place in the region 95,000. $ 98 thousand $, In which there is currently 100-day SMA.

Recommended photo from Dall-E, Tradingview chart

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