Why Bitcoin Can’t Catch a Break: The Struggle is Real!

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So, here we are-Bitcoin‘s price is hovering just below $90,000 like it’s waiting for the bus that never comes. It’s like watching your neighbor try to fix their car; you know it’s going to be a long, drawn-out process. And what’s the deal with all this volatility? The cryptocurrency market is throwing a tantrum, and now everyone’s looking at the Bitcoin Open Interest like it’s some kind of magic eight ball that can predict the future.

Open Interest: The Shy Cousin of Bitcoin

In this wild ride of crypto chaos, the derivatives market for Bitcoin is like that one friend who always tells you to “calm down” while you’re screaming at the TV. According to some hotshot named Joao Wedson from Alphractal (sounds impressive, right?), the Bitcoin Open Interest in BTC terms hasn’t even bothered to reach new heights since 2022. It’s like it’s stuck in traffic-just not moving anywhere, but hey, at least it’s got company!

So, on Thursday, we had a little bounce-woohoo! But guess what? It was mostly in USD-dominated open interest. Traders are playing it safe, folks. They’re treating their capital like a delicate piece of china rather than tossing it into a volcano like the rest of us. Speculation is in the air, expanding like a bad smell in a crowded elevator, but the overall vibe is still pretty chill-no euphoric craziness yet!

Too Few Profits for a Party

Now, why isn’t Bitcoin throwing a major rally? It turns out there aren’t enough investors in profit to kick things off. Darkfost (what a name!) says the party can’t start until enough people are feeling good about their investments. And let me tell you, latent profits aren’t as scary as they sound; they’re more like an overcooked steak-just not great.

When investors are raking in profits, they’re relaxed, holding onto their Bitcoins like they’re the last slice of pizza at a party. But here’s the catch: once more than 95% of investors are in profit, it’s like a herd of wildebeests-chaos ensues! The market will correct itself faster than you can say “sell!”

Right now, we’re sitting with a moderate correction of about 31%. It’s like someone dropping a little water in the pool, but it’s enough to scare off many investors. Over 71% of BTC is in profit, down from 64%-a number that screams “bear market” to anyone paying attention. Yikes!

But according to Darkfost, if the market can reclaim above 75% supply in profit, we might just see some stability. Until then, it’s like trying to keep a bunch of cats in a box-good luck with that!

After the recent price rebound, we saw a brief spike back to 75% before getting smacked down again. Many investors probably seized the moment to exit at break-even or to save themselves from a total disaster. It’s like a game of musical chairs, and let’s hope they find a seat!

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2026-01-24 02:01