Bitcoin clings to $75,000 support as bear market signals resurface
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin is trading above $75,000 support after a $78,000 rejection but remains below Tom Lee's $76,000 bull‑market threshold for month‑end confirmation.
- Bitcoin futures volume surged 54% to $201 billion in 24 hours, while liquidations rose 87% after the U.S. holiday lull.
- Bitcoin open interest climbed to 740 K BTC from 704 K BTC, a rise that typically confirms a downtrend, and the 24‑hour cumulative volume delta turned negative as traders shorted via market orders.
- Bitcoin 30‑day implied volatility index (BVIV) jumped nearly 3% to 37.35%, its first increase in ten days, indicating heightened price uncertainty.
- Bitcoin price slipped 1% over the past day as open interest rose, reinforcing bearish pressure despite the broader equity market hitting record highs.
Why it matters: Crypto traders risk further losses as Bitcoin stays below Tom Lee's $76,000 benchmark, with open interest up 5% and volatility climbing, prompting more shorting and eroding confidence in a near‑term rally.
