Bitcoin heading towards $90K or will it experience a deeper drop? Bitcoin Derivatives Interest Declines

Jakarta, Pintu News – Bitcoin (BTC) is currently at a critical crossroads. With retail and institutional participation still low, the momentum for price gains seems fragile. Will Bitcoin (BTC) reach $90,000 or will it experience a deeper decline?

Declining Interest in Bitcoin Derivatives

Open interest in Bitcoin (BTC) derivatives has hit a five-month low, suggesting that traders are starting to reduce risk amid market volatility. In less than two weeks, positions worth around $14 billion have been closed.

Currently, Bitcoin (BTC) has rebounded by 10% from its low of $78,000, signaling an absorption of liquidity from the supply side. A move towards $86,729 would turn the position of 591.93K addresses holding 379.52K Bitcoin (BTC) into a profitable one. However, to return to the $90,000 level, Bitcoin (BTC) needs to be able to absorb the incoming liquidity before it turns into resistance.

Also Read: Why is Ripple Still Fighting in Court Despite SEC Dropping Another Crypto Case?

Macro Uncertainty and Market Sentiment

Macroeconomic uncertainty and market sentiment, which continues to be characterized by extreme fear, continue to put pressure on investors’ risk appetite. There were only 22K Bitcoin (BTC) outflows from all exchanges at $86,103, which is the lowest amount in one week, indicating that retail participation is still limited and institutional capital is yet to return.

According to AMBCrypto, the lack of FOMO (Fear of Missing Out) indicates that it is too early to confirm a strong holding pattern, thus questioning the possibility of a price spike in the near future.

Critical Resistance and Potential Recall

In the short-term, $86,669 becomes a critical resistance level, with a liquidation risk of $51 million if the level is exceeded. A large number of long-term Bitcoin (BTC) holders will move ‘in the money’ near this threshold, while short-term holders (STH) remain vulnerable to profit-taking.

Weak spot demand, combined with continued risk reduction in derivatives, leaves Bitcoin (BTC) exposed to a possible pullback before potentially moving towards $90,000.

Conclusion: The Future of Bitcoin

With many challenges and uncertainties, the future of Bitcoin (BTC) price is still full of speculation. Whether Bitcoin (BTC) will reach $90,000 in the near future or experience further declines, only time will tell. However, one thing is for sure, the current market dynamics demand careful observation and adaptive strategies from investors.

Also Read: XRP Faces Hurdle at $2.4: Can Bulls Break Through? (4/3/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Bitcoin at a Crossroads: Next Stop $90k or a Deeper Dip?. Accessed on March 4, 2025
• Featured Image: Generated by AI