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The post Top Reasons Why Bitcoin Price Could Retest $75,000 in Early February appeared first on Coinpedia Fintech News Bitcoin price has entered a cautious phase after failing to hold its recent recovery, with price action gradually tilting back toward the downside. The pullback has been controlled rather than panic-driven, but signs of weakening demand are becoming harder to ignore. Spot buying remains limited, leverage continues to unwind, and sellers are still active beneath the surface. Together, these signals raise the likelihood of Bitcoin revisiting lower support levels, with the $75,000 region now emerging as a key area to watch as early February approaches. Open Interest: Leverage Steps Back, Not In Open interest across exchanges has declined sharply, signaling broad deleveraging rather than aggressive dip-buying. This drop suggests traders are closing positions instead of building fresh longs to defend current levels. Importantly, open interest has struggled to recover alongside price, reinforcing the idea that conviction remains weak.  When leverage exits the market without being replaced, the price often drifts toward the next support zone. This behavior aligns with the broader correction seen on the price chart and adds weight to the bearish near-term outlook. Exchange Reserves: Spot Supply Gradually Increases Exchange reserve data shows Bitcoin balances ticking higher after a prolonged period of decline. While this does not point to panic selling, it does indicate that more BTC is becoming available to sell.  In past cycles, rising reserves during a corrective phase have often coincided with extended pullbacks rather than quick reversals. With spot supply increasing and no clear signs of aggressive accumulation, downside pressure remains a real risk if demand does not improve. Spot Taker CVD: Sellers Still Have the Upper Hand Spot taker CVD reinforces this cautious view. Over the past several months, sell-side market orders have dominated,…

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Filed under: News - @ January 31, 2026 7:20 pm