Bitcoin is testing key support at $107k–$110k while Open Interest and stablecoin flows signal a liquidity reset; this combination raises the risk of a short squeeze or deeper drawdown depending on whether bids rebuild near current levels.
BTC testing $107k–$110k support after an eight-week low
Open Interest spiked near $85B, suggesting extreme leverage and a likely liquidity sweep.
Stablecoin minting added ~$4B in three days while net USDT outflows totaled $915M, showing liquidity parked, not deployed.
Bitcoin support tested at $107k–$110k; monitor Open Interest and stablecoin flows for reversal or breakdown—read for trade-ready signals.
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How is Bitcoin testing support at $107k–$110k?
Bitcoin support at $107k–$110k is being probed after two lower lows and an unsuccessful rebound on August 25. Price weakness combined with Open Interest near $84.93 billion points to concentrated leverage, making a liquidity sweep and volatile retracement more likely in the short term.
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Rising Open Interest (OI) shows heavy derivatives positioning and adds liquidation risk when price moves against the crowded side. OI near $85B indicates extreme leverage and increases probability of rapid, amplified moves via forced deleveraging.
The Fear & Greed Index slipped to 39 (Fear), down from Neutral the previous day, reflecting fading conviction among market participants. Historically, dips to low-40s have preceded rebounds, but context matters: prior recoveries coincided with clustered liquidity and stronger spot bids.
When the index hit 42 in a prior cycle, it supported a quick run to a then-ATH of $123k over three weeks. This time the index is lower, suggesting a sentiment reset rather than an immediate topping signal.
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Source: https://en.coinotag.com/bitcoin-tests-107k-110k-support-as-extreme-open-interest-and-stablecoin-flows-hint-at-possible-rebound-or-deeper-pullback/