No $90K Bitcoin till next year: BTC futures open interest hits 8-month low

💡 DMK Insight

Bitcoin’s current price of $87,844 shows it’s holding strong, but traders need to watch for catalysts to push it past $90,000. The basis rate and options data indicate that while ETF outflows are concerning, they haven’t translated into significant selling pressure. This resilience suggests that many traders are still confident in Bitcoin’s long-term potential. However, the lack of a clear catalyst means BTC could remain range-bound in the short term. If it can break above $90,000, it might trigger a wave of buying, especially from retail investors looking to capitalize on momentum. On the flip side, if Bitcoin fails to reclaim this level, we could see a pullback towards the mid-$80,000s. Traders should keep an eye on volume trends and any news that could act as a catalyst, like regulatory developments or institutional interest. Monitoring the $90,000 resistance will be key in the coming days, as a breakout could lead to a significant upward move.