<ul data-eligibleForWebStory="true"><li>Bitcoin, the leading cryptocurrency, is trading at $104,491.88, with a slight decrease of 0.02% in the last 24 hours.</li><li>Bitcoin's price has declined by 4.84% over the past week, settling around $104,457.78, indicating cautious market adjustment.</li><li>A net reduction in leveraged positions in Bitcoin's derivatives markets has been observed over the last six months.</li><li>Bitget and CME show a decline in open interest in Bitcoin, while Gateio has seen growth in leveraged positions.</li><li>The decrease in leveraged positions suggests a conservative approach by short-term traders amid market uncertainty.</li><li>Historically, negative shifts in the Open Interest Delta have preceded Bitcoin price rallies in 2021.</li><li>Expectations of a return to positive Open Interest Delta values could indicate improved confidence among traders and potential price gains.</li><li>Continued decrease in Open Interest may signal persistent downside risk for Bitcoin, requiring close attention from market participants.</li></ul>

Bitcoin Leverages Drop: Is $104K the Bottom Before the Next Bull Run?

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