Bitcoin drop to $100K likely, but futures market reset means dips won’t last long

Bitcoin’s chance of falling to $100,000 has increased, but the $3.7 billion open interest wipeout means traders will view dips as buying opportunities.

Key takeaways:

Bitcoin price metrics show restrained profit-taking and strong support near $96,000–$104,000.

A $3.7 billion open interest drawdown reset an overheated market and preps BTC for a possible rebound.

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