Key TakeawaysBitcoin news today highlights a sharp 30-day open-interest decline of 1.3M BTC, signaling a potential market floorMomentum readings from market indicators show deeply subdued activity, with RSI at 28 and Stochastic %K at 20Moving averages remain above current market levels, reflecting persistent downward pressure on BTC priceOpen Interest Decline Suggests Market ResetBitcoin open interest has seen its sharpest 30-day decline of the cycle, falling by 1.3 million BTC. Analysts say this reduction in leverage is a classic “cleansing phase,” removing excessive speculative positioning and reducing near-term selling pressure.Historically, these moments of market deleveraging often form the foundation of a solid bottom, especially when investors scale back futures activity to minimize risk. This mirrors similar conditions last observed during the 2022 market downturn. Macro Headwinds And Liquidity ImpactThe recent price slide coincides with broader crypto market stress. ETF flows reversed following a large liquidation event, stablecoin supply dipped, and digital asset treasuries saw weakening premiums. All of these factors point to capital leaving the ecosystem.However, analysts note that Bitcoin dominance has risen back toward 58–60%, a typical behavior during drawdowns when capital consolidates into the ecosystem’s most liquid asset.Source: CoinMarketCapMeanwhile, shifting Federal Reserve expectations may support a rebound. Rate-cut odds for December climbed back toward 70%, raising the prospect of a liquidity injection — historically a tailwind for digital assets. Market Indicators Show Deep Cooling Across OscillatorsTechnical indicators from the uploaded chart reflect significant cooling in short-term momentum:Relative Strength Index (14): 28, indicating suppressed buying pressure.Stochastic %K (14,3,3): 20, suggesting hesitant market participation.Commodity Channel Index (20): –100, consistent with oversold conditions.Momentum (10): –8,574, a sign of weakening near-term direction.MACD Level (12,26): –5,935, pointing to reduced trend strength.Williams %R (14): –80, another oversold indicator.Collectively, these readings suggest low confidence in immediate upward movement — yet they often appear near key inflection points where market exhaustion transitions into accumulation. Moving Averages Point To Elevated Overhead LevelsData from the moving-average panel shows Bitcoin trading well below major trend levels, reinforcing the broader correction:Source: TradingViewThese elevated averages illustrate that BTC price remains beneath multi-week and multi-month trend lines, reflecting significant prior selling pressure. Yet historically, such wide gaps tend to narrow as markets stabilize and rebuild bullish momentum. Analysts: Cautiously Optimistic, Awaiting U.S. Fed Reserve ActionMarket analysts from CryptoQuant, NYDIG, Swissblock, and independent research groups highlight similar themes:A potential renewed bullish trend if BTC holds above key support zones and revisits the $90,000–$96,000 region.A fall in risk-off signals, indicating seller exhaustion may be nearing.Expectation of a secondary, weaker selling wave, which often confirms a market bottom.Anticipation of improved liquidity conditions should the Fed initiate rate cuts or implement reserve-management measures. Bitcoin Forecast: What Comes Next?Short-term signals reflect caution, but structural factors, including institutional interest, historical cycle patterns, and macro-driven liquidity, remain supportive of Bitcoin’s long-term trajectory.Key levels to watch:Support: Previous lows near $82,000Rebound zone: $90,000–$96,000Trend confirmation: Reclaiming major moving averagesFor now, the market is in a low-momentum, high-uncertainty phase, but several indicators suggest that selling pressure is fading, and a shift toward bullish momentum could form if liquidity conditions improve.
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