{"id":16467,"date":"2025-11-24T06:13:14","date_gmt":"2025-11-24T06:13:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-rises-above-86k-with-30-day-open-interest-posting-a-rare-bullish-reset-sign\/"},"modified":"2025-11-24T06:13:19","modified_gmt":"2025-11-24T06:13:19","slug":"bitcoin-price-rises-above-86k-with-30-day-open-interest-posting-a-rare-bullish-reset-sign","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-rises-above-86k-with-30-day-open-interest-posting-a-rare-bullish-reset-sign\/","title":{"rendered":"Bitcoin price rises above $86K with 30-day open interest posting a rare bullish reset sign"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout.<\/p>\n<div id=\"cn-block-summary-block_21d33e6579dc001e592706d5dc30c930\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin trades near\u00a0$87K\u00a0after a major leverage flush that cleared out excessive long positions.<\/li>\n<li>CryptoQuant analysts say fear, oversold readings, and reduced open interest could support a slow recovery.<\/li>\n<li>The chart still leans bearish with downward-sloping averages and weak momentum.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin was trading near $86,646 at press time, up 0.6% in the last 24 hours. The daily range sat between $85,483 and $87,995. The coin remains down 10% over the past week after a 31% pullback from the $126,080 all-time high set on Oct. 6.<\/p>\n<p>Trading volume climbed to $64.7 billion in the last 24 hours, a 46% increase, showing a short burst of activity after days of heavy selling.<\/p>\n<p>CoinGlass data shows that derivatives volume rose 35% to $93 billion, while open interest increased 0.64%. Rising volume with slightly higher open interest often means traders are returning to the market after a liquidation flush, but positioning is still cautious.<\/p>\n<h2 class=\"wp-block-heading\">Open interest drop may mark price reversal<\/h2>\n<p>A Nov. 21 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/69237946e69e12693d3aac1b\" target=\"_blank\" rel=\"nofollow\">analysis<\/a> by CryptoQuant contributor Darkfost points to a major structural shift in derivatives. He noted that Bitcoin\u2019s (BTC) open interest, measured in BTC, is showing its strongest 30-day drop of the entire cycle, with Binance alone losing roughly 1.3 million BTC in open contracts.<\/p>\n<p>Darkfost said this type of decline \u201chas not appeared since the 2022 bear market,\u201d adding that the current cleanup is \u201cfar more meaningful than many traders admit.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>He noted that the market had been heavily driven by leveraged positions, with total open interest reaching an all-time high near $47.5 billion earlier in the cycle. He described the ongoing cleanup as a natural reset after a long period of speculative positioning.<\/p>\n<p>Another CryptoQuant analyst, gigisulivan, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6922d70ccbc73f51bcb06dc1-Short-term-SOPR-flagging-the-local-bottom-is-in\" target=\"_blank\" rel=\"nofollow\">pointed<\/a> to a drop in the short-term SOPR under 0.94, which they said has been a reliable sign of local bottoms this year. They also highlighted oversold readings on the three-day and daily timeframes along with extreme fear in sentiment.\u00a0<\/p>\n<p>They expect Bitcoin to recover toward the $99,000 to $105,000 range before meeting stronger resistance, although they warned that fast moves above $100,000 often encourage premature bullish narratives. <\/p>\n<p>Their outlook suggests that price could move between $78,000 and $105,000 for several months before the market finds a clearer direction.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price technical analysis<\/h2>\n<p>Bitcoin\u2019s chart displays a clear downward trend from late October into November, with lower highs and lower lows creating a clear descending structure. The price is still close to the lower Bollinger Band, which indicates ongoing weakness rather than a steady base.<\/p>\n<p>Candles remain below the 20-day and 50-day moving averages, both of which slope downward and confirm steady bearish pressure.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Momentum readings are showing mixed signs. There is still no obvious sign of a reversal even though the relative strength index is in deep oversold territory at 29. Stochastic is low but not turning up with strength. <\/p>\n<p>An elevated average directional index indicates a strong trend that hasn\u2019t yet weakened enough to show a change in direction. The MACD and awesome oscillator are negative, which shows that buyers have not yet regained traction.<\/p>\n<p>Support sits in the region around the mid-$80,000 zone. If buyers fail to defend that area the market may retest levels closer to $80,000. Resistance is located near the $90,000 region and then the psychological $100,000 zone.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price may be gearing for a rebound with a cleaner setup after prolonged leverage wipeout. Summary Bitcoin trades near\u00a0$87K\u00a0after a major leverage flush that cleared out excessive long positions.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16467"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16467\/revisions"}],"predecessor-version":[{"id":16468,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16467\/revisions\/16468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9485"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}