<ul data-eligibleForWebStory="false"><li>Bitcoin has reclaimed the $110,000 level in a bullish move, sparking hopes of a new uptrend and breakout into price discovery.</li><li>Analysts note a positive shift in trader sentiment with open interest turning from negative to positive, indicating cautious re-entry into the market with less leverage.</li><li>Bitcoin is nearing its all-time high of $112,000, with bullish momentum rising but caution prevails as failure to break out could lead to corrections.</li><li>Technical analysis shows Bitcoin attempting to break above $109,300 resistance, with strong support around $106,200 and potential risks of fakeouts at resistance levels.</li></ul>

Bitcoin Open Interest Turns Positive Again – Still Far From The Leverage Frenzy Of 2024

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