BTC price is down -2.18% and is testing a key support zone. The core issue now lies in the change in open interest: it needs to be determined whether it's a healthy long leverage cleansing or major funds exiting.
🎯Direction: No position
Price action shows selling pressure, but no panic selling has occurred. The 76k area is a key psychological level recently. If buying is effectively absorbed here, it's considered a healthy reset; if open interest drops significantly along with the price breaking below this level, it confirms major funds exiting. The current market logic is unclear; we await a clearer PA signal.
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