No $90k Bitcoin Till Next Year: BTC Futures Open Interest Hits...

Bitcoin’s resilient basis rate and options data suggest limited downside despite ETF outflows, while BTC waits for a catalyst that can help it reclaim $90,000.

Bitcoin (BTC) bulls worry that institutional interest is weakening amid softer demand for BTC futures. However, other metrics suggest that the BTC price could avoid falling below $85,000.

BTC futures open interest fell to $42B, an eighth-month low, signalling a leverage flush rather than bearish bets.

Bitcoin options pricing suggests stabilizing sentiment.

Bitcoin faced another rejection after briefly testing the $89,000 level on Friday. The move caught traders off guard, liquidating more than $260 million in leveraged BTC futures positions.

Aggregate BTC futures open interest on major exchanges fell to $42 billion on Friday from $47 billion two weeks earlier, marking the lowest level in eight months. Still, the sharp drop in leverage is not inherently bearish, since longs and shorts are always matched.

Investor unease intensified after a five-day outflow from spot Bitcoin ETFs totalling $825 million. While this represents less than 1% of the combined $116 billion in deposits, traders fear the bullish momentum seen in October has faded amid global economic uncertainty.

Gold and silver climbed to new all-time highs on Friday as investors sought protection from rising United States debt.

Demand for government-backed debt increased, pushing yields on the US 10-year Treasury to a three-week low of 4.12%. Part of the skepticism toward US monetary policy stems from inconsistent signals around import tariffs.

President Donald Trump’s administration said on Tuesday that duties on Chinese semiconductor imports were postponed until June 2027.

Source: CoinTelegraph