BTC Faces Multi-Week Downtrend as Futures Leverage Cools
The post BTC Faces Multi-Week Downtrend as Futures Leverage Cools appeared com. BTC’s short-term trend stays bearish as lower highs persist near critical levels. Futures data shows cooling open interest as traders unwind leverage amid weakness. Spot inflows hint at easing sell pressure, yet sentiment stays cautious near support. Bitcoin continues to trade under heavy technical pressure as its 4-hour structure shows persistent weakness across trend indicators. The asset remains below the short-term moving benchmark and continues to move inside the lower side of the Donchian Channel. This environment shows a market struggling to hold momentum after repeated attempts to regain lost ground. Besides, recent price swings have developed inside a compressed range, adding further stress across shorter timeframes. Consequently, traders are watching critical levels closely as the downtrend remains firm. Each advance toward the mid-range of the channel failed, which signaled steady selling interest. Additionally, the latest bounce from the $84,000-$85,000 zone offered temporary relief but did not change the wider structure. The slope of the Donchian bands continued downward, while the short-term EMA capped every recovery attempt over the past two weeks. Hence, market participants consider $86,000 a key pivot. A close above that level may hint at early strength. However, a clear trend shift requires price to break through $88,183 and maintain that level. Support between $86,418 and $86,000 remains important. A failure there exposes the lower cluster near $85,029, $84,310, and $80,537. These levels formed the strongest cushion during recent sell-offs. Open interest expanded steadily through the year and climbed above $90 billion during major rallies. This growth signaled aggressive positioning from both sides of the market. However, the latest reading on. Continue reading BTC Faces Multi-Week Downtrend as Futures Leverage Cools