Bitcoin Open Interest Crashes 17% as Whales Scoop Up Supply—Reversal Ahead?

Bitcoin is continuing to face downward pressure in the market, with the cryptocurrency falling below $80,000 on Sunday for the first time since last year. Despite a 4. 1% recovery in the past 24 hours bringing it back to $79,825, Bitcoin remains down 26% from its all-time high of over $109,000 recorded in January 2025. Market sentiment remains mixed, as investors weigh on-chain data, short-term volatility, and the broader macroeconomic environment source: https://www.newsbtc.com/bitcoin-news/bitcoin-open-interest-crashes-17-as-whales-scoop-up-supply-reversal-ahead/