Crypto界网消息，BTC price rebounded to $90,500 after testing the $89,200 support level, which is aligned with the 50-day moving average. Wintermute OTC trading head Jake Ostrovskis stated that the market failed to break through the key level of $95,000, leading to two-way trading, with the past two trading days mainly driven by ETF outflows. Additionally, derivatives positions indicate that market leverage is increasing. The total open interest in BTC futures and options has risen to nearly 700,000 BTC, a three-week high, an increase of approximately 75,000 BTC since the beginning of the year. Meanwhile, the perpetual futures funding rate remains around 0.09% positive, indicating that long positions are paying fees to shorts to maintain their exposure, suggesting traders may be using leverage to buy the dip, which increases the risk of long liquidations.
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