Bitcoin Drop Reach $100K for PERP Futures as Volatility Jaga Up
Bitcoin drop reach low of $100,000 for PERP perpetual futures, e slide about 1.7% for 24 hours and 3.2% for week. Dis move dey show say crypto derivatives still dey volatile as traders dey adjust leverage positions and dey take profit. Even though bearish momentum dey for hourly and daily charts, key supports for $101,894 and di $100,000 zone still hold. Open interest for perpetual futures still steady for long and short contracts, which mean say demand dey strong. Technical indicators dey point say consolidation dey happen around $100,000, e fit serve as entry points for short-term traders. If daily close drop below $100,764, e fit make dem test $99,000 again, but if buying pressure come back, e fit cause rebound go $102,000.
Bearish
Di sharp drop reach $100,000 and di bearish momentum for hourly and daily charts dey signal say short-term downside risk dey for Bitcoin. If e break di $100,764 support, e fit cause more drop go towards $99,000. Even though open interest still dey stable and rebound fit happen if buying pressure come back, di current price action dey show say derivatives traders get negative sentiment, so e make sense to get bearish outlook.