Analysis: Bitcoin Rebounds After Dropping Below $60,000, but Derivatives Market Sends Clear Bearish Signal
Source：
www.coindesk.com
According to CoinDesk, Bitcoin briefly dropped to $61,300 before rebounding to approximately $62,500, with around $3 billion in crypto market liquidations accumulated over the past two days. Derivatives data shows open interest declined by 8.5% to $111.4 billion, indicating leveraged positions are being unwound. In the options market, put skew for both Bitcoin and Ethereum has strengthened; the notional open interest for $60,000-strike put options on Deribit exceeds $1 billion. Meanwhile, SOL’s open interest rose to an all-time high amid its price decline, suggesting a potential increase in short positions, and overall sentiment in the derivatives market remains bearish.
