What ended Bitcoin's deleveraging phase?

Binance futures open interest crossing back above its 180-day moving average. Per CryptoQuant analyst Darkfost, open interest rose from $6.4 billion in March to $8.96 billion, clearing the $8.75 billion average and closing out the eight-month stretch that began after the October 10 liquidation event.

What invalidates the bearish head-and-shoulders pattern?

A weekly close above $82,000, the level that has rejected BTC multiple times over the past month. Until that happens, the pattern flagged by analyst Leshka.eth remains intact with a measured-move target near $44,000 if the $68,000 neckline breaks.

Why is Bitcoin holding up while altcoins lag?

JPMorgan analysts attributed altcoin underperformance to weak network activity and limited adoption. With ether around $2,060 and solana down 51% year-to-date, capital that has stayed in crypto has concentrated in BTC, which is why dominance metrics are rising while the absolute BTC price drifts.

What is the CryptoBeast score telling us?

A 64 reading labeled neutral, with sentiment leading at 83 but newsflow at 55 and on-chain at 55 holding the composite back. That mix describes a market where social tone is constructive but data isn't yet confirming, which is consistent with range-bound price action.

Bitcoin: Deleveraging Ends as Price Tests $75K Floor

Bitcoin held the $75,000 line on Friday as Binance futures open interest crossed back above its 180-day moving average, ending an eight-month deleveraging stretch that CryptoQuant analyst Darkfost called the longest since 2022. The rebound is real but thin, and the chart still carries a head-and-shoulders pattern that points to $44,000 if the neckline gives way.

By Clara Hoffmann· AI-assisted· L2 & scaling

Market context

Bitcoin is doing the unglamorous work of holding a level. Spot trades at $77,479, down 2. 66% on the day with $27.

65 billion in 24-hour volume per NewsBTC's chart data, and the broader tape isn't helping. U. S.

equities slid for a third straight session, mining-equipment maker Canaan posted a wider quarterly loss tied directly to BTC's drawdown, and the SEC reportedly paused its innovation exemption for tokenized stocks, Bitcoin Magazine cited a report this week. None of that is fatal. All of it tightens the rope.

The rope matters because Bitcoin has rejected $82,000 multiple times over the past month and now sits inside a band where the next move resolves a lot. JPMorgan analysts spent the week explaining altcoin underperformance through weak network activity and limited adoption, which is another way of saying capital that did rotate stayed in BTC. Bitcoin dominance is the only thing working in a market where ether trades at $2,060 and solana sits near $86 with a 51% year-to-date drawdown.

Technical setup

Two charts, two stories. The constructive read leans on derivatives. Darkfost at CryptoQuant noted that Binance futures open interest climbed from $6.

4 billion in March to $8. 96 billion, crossing back above its 180-day moving average around $8. 75 billion.

Bitcoin: Deleveraging Ends as Price Tests $75K Floor

Market context

Technical setup

On-chain flows

Sentiment

Scenarios

Risks

Disclaimer

Key takeaways

Frequently asked

Sources