Bitcoin Tests $83,500 as Open Interest Climbs to $28.08B
- —Aggregate BTC open interest climbed to $28.08 billion
- —Funding rate stays positive, keeping long-squeeze risk elevated
- —BTC lost its Bollinger Band midline at $84,194
- —Bullish targets: $87,000–87,400, then $90,000; bearish: $81,000 and $78,100
Why it matters: Holding $81,000 will decide whether the pullback is a buy-the-dip setup or the start of a deeper correction.
Source: Coinpedia