Bitcoin drop to $100K likely, but futures market reset means dips won’t last long
Bitcoin’s chance of falling to $100,000 has increased, but the $3.7 billion open interest wipeout means traders will view dips as buying opportunities.
Key takeaways:
Bitcoin price metrics show restrained profit-taking and strong support near $96,000–$104,000.
A $3.7 billion open interest drawdown reset an overheated market and preps BTC for a possible rebound.