Bitfinex: Bitcoin tests $75,000 support as derivatives positions recover
- —Bitcoin fell 3.5% from its September 15 high, with futures OI shrinking by $1.7 billion
- —By September 16, OI recovered to $52.15 billion, exceeding pre-drop levels
- —$571 million in longs were liquidated on September 15 — the most since August 22
- —The Coinbase discount widened to 0.08%, and the price closed below the True Market Mean of $76,500
Why it matters: Holding the $74,985–75,412 range is critical: a breakdown below it would open the way to $73,500 and lower, signaling a return to a bear market.
Source: TokenPost