From Cointelegraph

May 30, 2025 5:00 pm:

Bitcoin price metrics indicate restrained profit-taking and strong support near $96,000–$104,000. A $3.7 billion open interest drawdown reset the market, preparing BTC for a potential rebound. Net Realized Profit/Loss chart shows moderate profit-taking at current levels, suggesting Bitcoin’s upward trajectory is not exhausted. Key support zone between $102,000 and $104,500 could lead to a price recovery. Bitcoin futures open interest saw a $3.7 billion wipeout, reflecting a healthy market reset and reducing over-leveraged positions.

Read more at Cointelegraph: Bitcoin heads toward $100K, but BTF futures predict recovery