Bitcoin Futures Bias Turns Neutral As OI Net Position Hits Zero – Details
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Bitcoin has reclaimed the crucial $115,000 level after briefly dipping to $112,000 earlier this week, signaling renewed strength from the bulls. The sharp recovery highlights buyers’ resilience following recent volatility, with price action now showing signs of bullish dominance. This rebound comes as traders and investors brace for the potential next leg up, eyeing higher resistance levels. Key market data adds weight to the bullish case. The Bitcoin Futures Open Interest Net Position — a closely watched indicator that tracks the balance between long and short positions — has shifted in favor of the bulls, showing a clear edge over shorts. This change in positioning suggests that sentiment is turning more optimistic, with market participants increasingly betting on further upside. However, while momentum is building, the coming days will be decisive. Bitcoin must maintain its hold above the $115K level to confirm this shift and open the door to a push toward the next major resistance. Failure to do so could invite fresh selling pressure, putting the recent gains at risk. For now, market structure and derivatives data suggest that bulls are in control, and the stage is set for Bitcoin’s next significant move. Bitcoin Market Sentiment Shifts as Technical and Fundamental Tailwinds Align According to top analyst Axel Adler, Bitcoin’s market structure is undergoing a notable shift. After a prolonged bearish regime since late July — marked by sustained short pressure and represented in the red zone — the SMA-120 line for the Bitcoin Futures Open Interest Net Position has reversed upward, reaching the neutral zero mark. This indicator, which reflects the balance between long and short positioning, signals that the market has moved from aggressive short dominance to a neutral-bullish stance. Adler notes that a similar reversal attempt occurred just a week ago but failed to hold, leading…
Filed under: News - @ August 8, 2025 10:28 pm