Bitcoin futures demand remains strong, with open interest hitting an all-time high of BTC 762,700. Despite a recent price drop to $109,400, traders are wondering if $120,000 is the next target. However, caution is advised as leveraged positions could lead to liquidations below $110,000. The market remains uncertain amid $13.8 billion options expiry.

Read more at Cointelegraph: Bitcoin Traders Pile Into Futures, Is A Rebound Incoming?