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Bitcoin (BTC) reversed Monday’s decline to three-month lows beneath $25,000 throughout Asian buying and selling hours, leaping again to round $26,000 as open curiosity on Binance, Bybit, OKX and Deribit fell to $4.8 billion from $5.05 billion. The decline in open curiosity suggests quick merchants had been abandoning their bearish bets in what’s often called a brief squeeze. The value restoration might stay capped resulting from a scarcity of fast bullish catalysts. The bitcoin spot ETF optimism has light, with observers shifting focus to the upcoming liquidation of FTX’s altcoin holdings.
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